MoneyWorks4Me

Crude oil futures settle considerably lower on Thursday

12 May 2023 Evaluate

Crude oil futures settled considerably lower on Thursday amid uncertainty about the outlook for energy demand following weak data from China. Traders overlooked a report from OPEC that forecast an increase in Chinese oil demand. The OPEC report says China is now expected to require 800,000 barrels per day, up from 760,000 barrels per day seen last month.

Benchmark crude oil futures for June delivery fell $1.69 or about 2.3 percent to settle at $70.87 a barrel on the New York Mercantile Exchange. Brent crude for July delivery declined $1.44 or 0.88 percent to settle at $74.97 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: