Oil prices suffer November drop as Middle East fears ease, OPEC+ delays meeting
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 29 2024
0mins
Source: MarketWatch
Oil Market Reaction: Oil futures experienced declines on Friday, reflecting weekly and monthly losses due to a cease-fire between Israel and Hezbollah that alleviated fears of a broader conflict impacting crude supplies.
OPEC+ Meeting Delay: The Organization of the Petroleum Exporting Countries and its allies (OPEC+) postponed their scheduled meeting from Sunday to December 5.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
