U.S. oil prices score a more than 6% weekly gain on supply risks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 22 2024
0mins
Source: MarketWatch
Oil Market Trends: Oil futures rose on Friday, with U.S. crude up over 6% for the week, driven by ongoing tensions between Ukraine and Russia, major oil producers.
Economic Concerns: Weak economic data from Europe raised fears of a slowdown in energy demand, contributing to limited gains in oil prices and keeping WTI and Brent lower year to date.
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.
