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Crude oil futures end lower on Monday

24 Dec 2024 Evaluate

Crude oil futures ended lower on Monday on stronger dollar. Further, Uncertainty about the outlook for oil demand also contributed to the downside. The Organization of the Petroleum Exporting Countries and allies, collectively known as OPEC+, recently lowered its oil demand growth forecast. The volumes were thin ahead of upcoming Christmas holidays.

Benchmark crude oil futures for January delivery fell $0.26 or about 0.3 percent to settle at $69.20 a barrel on the New York Mercantile Exchange. Brent crude for February delivery dropped $0.31 or 0.42 percent to settle at $72.63 a barrel on London's Intercontinental Exchange.


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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.

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