SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Crude oil futures end higher on expectations of increased demand

13 Jan 2023 Evaluate

Crude oil futures ended higher on Thursday, extending the upward trend seen over the past several sessions, on expectations of increased demand from China and data showing a slowdown in U.S. consumer price inflation. China's decision to reopen its economy after the end of strict COVID-19 curbs has boosted hopes of higher oil demand. Meanwhile, data released by the Labor Department showed U.S. consumer price index edged down by 0.1% in December after inching up by 0.1% in November. Street had expected consumer prices to come in unchanged. Besides, the dollar's decline also contributed significantly to the rise in oil prices.

Benchmark crude oil futures for February delivery rose $0.98 or 1.3 percent at $78.39 a barrel on the New York Mercantile Exchange. Brent crude for March delivery surged $1.26 or 1.52 percent at $83.93 a barrel (provisional) 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: