Crude oil futures ended slightly higher on Friday as the dollar came off two-year highs after soft PCE readings helped ease concerns about the outlook for interest rate cuts. However, gains remained limited due to persisting concerns about the outlook for oil demand from China, the world's second largest economy. A lack of details on Chinese stimulus measures and signs of reduced U.S. fuel consumption also fueled worries about weakening demand. The Organization of the Petroleum Exporting Countries and allies, collectively known as OPEC+, recently lowered its oil demand growth forecast.
Benchmark crude oil futures for January delivery rose $0.08 or about 0.1 percent to settle at $69.64 a barrel on the New York Mercantile Exchange. Brent crude for February delivery added $0.06 or 0.08 percent to settle at $72.94 a barrel on London's Intercontinental Exchange.
Start Research-backed Investing ...Now. Subscribe to Sapphire
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.
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.
MoneyWorks4Me ensures this through: