Oil prices tick higher as attention turns to OPEC+ decision on crude production
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2024
0mins
Source: MarketWatch
Oil Futures Movement: Oil futures increased as a cease-fire between Israel and Hezbollah reduced concerns over a broader Middle Eastern conflict, prompting traders to focus on an upcoming OPEC meeting.
U.S. Inventory Data: Attention is also on U.S. crude inventory data, which indicated a decrease in stocks last week, with trading expected to be light ahead of the Thanksgiving holiday.
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.
