SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Crude oil futures end sharply higher on Wednesday

12 Dec 2024 Evaluate

Crude oil futures ended sharply higher on Wednesday after data from the Energy Information Administration (EIA) showed crude oil inventories fell by 1.4 million barrels in the week ended December 6th, after tumbling by 5.1 million barrels in the previous week. Street had expected crude oil inventories to dip by 1.1 million barrels. Meanwhile, the report said gasoline inventories jumped by 5.1 million barrels last week but remain about 4% below the five-year average for this time of year. Besides, oil prices rose on possible sanctions on Russia by the European Union, and expectations of increased demand from China.

Benchmark crude oil futures for January delivery rose $1.70 or about 2.5 percent to settle at $70.29 a barrel on the New York Mercantile Exchange. Brent crude for February delivery surged $1.33 or 1.84 percent to settle at $73.52 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: