Crude oil futures ended lower on Thursday as the continued rise in coronavirus cases across the US and several European countries raised concerns about energy demand. Further, Oil prices were also hurt by data showing an increase in U.S. crude inventories in the week ended November 6. According to the data from Energy Information Administration (EIA), crude stockpiles rose by 4.3 million barrels last week compared to expectations for a draw of 913,000 barrels.
Crude oil futures for December fell 33 cents or 0.8 percent to settle at $41.12 a barrel on the New York Mercantile Exchange. However, January Brent crude rose 25 cents or 0.6% to settle at $44.05 a barrel on London's Intercontinental Exchange.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: