SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Crude oil futures end higher on Wednesday

21 Dec 2023 Evaluate

Crude oil futures ended higher on Wednesday, magnifying their previous session’s gains on concerns about trade disruptions due to rising tensions in the Middle East after attacks on vessels in the Red Sea by Houthi forces. However, data showing an unexpected increase in U.S. crude inventory limited the uptick in oil prices. Data released by the Energy Information Administration (EIA) showed crude inventory increased 2.9 million barrels in the week ended December 15, as against forecast for a drop of 2.3 million barrels. The EIA data also showed gasoline stockpiles rose by 2.7 million barrels last week, higher than an expected increase of 1.2 million barrels.

Benchmark crude oil futures for January delivery rose $0.28 or 0.4 percent to settle at $74.22 a barrel on the New York Mercantile Exchange. Brent crude for February delivery was up by $0.47 or 0.6 percent to settle at $79.70 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: