U.S. oil prices edge lower on weak Chinese retail-sales data
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2024
0mins
Source: MarketWatch
Oil Prices Decline: Oil prices fell on Monday due to renewed concerns about energy demand following disappointing retail sales data from China in November.
Modest Losses After Gains: Despite the decline, the losses were limited as U.S. and global benchmark prices had experienced their largest weekly gains in three weeks prior.
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.
