WTI crude oil settled lower by 48-cents after trading higher earlier in the day. There are some positive signs that China will stimulate demand in the year ahead and that should improve supply/demand balances but the oil market is in a wait-and-see mode.
Technically, the range trade continues.
This article was written by Adam Button at www.forexlive.com.
Related Articles
Debt ceiling drama returns: Yellen warns of mid-January deadline
Treasury Secretary Janet Yellen fired off a warning shot to Congress today,...
At the close: Nasdaq leads US stocks lower
Closing changes:S&P 500 -1.1%Nasdaq Comp -1.5%DJIA -0.8%Russell 2000 -1.6%Toronto TSX Comp -0.2%On...
WTI crude oil settles nearly $1 higher as weekly inventory data shows tightness
WTI crude oil settled 98-cents higher today to $70.43.Oil traded up to...
Gold Recap 2024: Part 2 – Bulls Charged into a Choppy Close
Let’s finish our recap of the year for gold by breaking down...
Leave a comment