Oil prices rose after deep weekly draw in US crude inventories

By X-blogger - on July 4, 2024

Oil prices gained about 1% after a larger-than-expected decline in U.S. crude stocks, but gains were capped by concerns about rising global inventories in thin trading ahead of the U.S. Independence Day holiday.

The Oil-Dollar pair gained 0.7% in the last session after rising as much as 1.1% during the session. The MACD is giving a positive signal.
WTI/USD gained 0.7% in the last session.
The MACD is currently in positive territory.
Support: 81.971 | Resistance: 85.291

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