SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Crude oil futures end sharply higher on Friday

14 Dec 2024 Evaluate

Crude oil futures ended sharply higher on Friday as the Biden administration in the U.S. is reportedly considering stricter sanctions on Russia's oil trade. According to a private report, U.S. President-elect Donald Trump is evaluating the possibility of pre-emptive strikes on Iran to stop its growing nuclear program. This move would mark a significant change from previously established U.S. policy on diplomacy and sanctions when dealing with Tehran. Besides, oil prices were also supported by optimism about interest rate cut by the Federal Reserve next week. Meanwhile, the European Central Bank lower its benchmark rate by 25 basis points on Thursday, and the Swiss National Bank cut rate by 50 basis points.

Benchmark crude oil futures for January delivery surged $1.27 or about 1.8 percent to settle at $71.29 a barrel on the New York Mercantile Exchange. Brent crude for February delivery gained $1.08 or 1.5 percent to settle at $74.49 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: