Crude oil futures ended marginally lower on Wednesday after rising US crude stockpiles in the week ended November 19. Data from the Energy Information Administration (EIA) showed crude stockpiles in the US increased by 1.017 million barrels last week. The American Petroleum Institute reported on Tuesday that crude inventories in the US rose by 2.31 million barrels in the week ending November 19. Further, oil prices were also tempered by coronavirus infections that broke records in parts of Europe, prompting new curbs on movement.
Benchmark crude oil futures for January delivery fell $0.11 or 0.14 percent to settle at $78.39 a barrel on the New York Mercantile Exchange. Brent crude for January delivery lost $0.06 or 0.7 percent to settle at $82.25 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: