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.
Recent Posts
Categories
Related Articles
Still no word from Trump on what he has decided on Canadian oil tariffs
Trump said on Thursday afternoon that he’d probably decide that evening on...
Federal Reserve Board Governor Michelle Bowman is speaking on Friday
0130 GMT / 0830 US Eastern time:Federal Reserve Board Governor Michelle Bowman...
Daily Broad Market Recap – January 30, 2025
The major assets traded mixed as traders priced in the ECB’s rate...
US inflation (PCE) data due Friday – here are the critical ranges to watch
Due on Friday at 0830 US Eastern time (0130 GMT), the Core...
Leave a comment