MoneyWorks4Me

Crude oil futures end higher on Friday

11 Feb 2023 Evaluate

Crude oil futures ended higher on Friday on continued optimism about higher fuel demand from China, and on Russia's move to reduce oil output next month. Russia has announced that it would cut oil output by 500,000 barrels per day in March. Ahead of announcement of the decision, Russia's Deputy Prime Minister Alexander Novak warned that there was risk of lower oil production this year. Novak said the risk was due to the EU import bans and the price caps on Russian crude and petroleum products.

Benchmark crude oil futures for March delivery rose $1.66 or 2.1 percent at $79.72 a barrel on the New York Mercantile Exchange. Brent crude for April delivery surged $1.89 or 2.2 percent at $86.39 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: