SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Crude oil futures end higher on Wednesday

24 Dec 2020 Evaluate

Crude oil futures ended higher on Wednesday, after data showed a drop in US crude stockpiles. Data from Energy Information Administration (EIA) showed crude inventories in the US fell by 562,000 barrels in the week ended December 18. The data also said gasoline stockpiles were down by 1.1 million barrels last week, and distillate stocks dropped by 2.3 million barrels. Oil also found support from the closure of the Qua Iboe crude oil export terminal last week following a fire at the facility. Meanwhile, France's decision to reopen its borders with the UK to travelers and truck drivers who test negative for Covid-19, a weaker dollar and optimism about a post-Brexit trade deal between the UK and European Union helped as well.

Crude oil futures for February rose $1.10 or 2.3 percent to settle at $48.12 a barrel on the New York Mercantile Exchange. February Brent crude gained $1.12 or 2.25 percent to settle at $51.20 a barrel on London's Intercontinental Exchange.

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: