Oil settles 2% higher on falling US crude stockpiles

By X-blogger - on August 8, 2024

Oil prices gained more than 2%, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as worries about weak oil demand in China persisted.

The Oil-Dollar pair skyrocketed 3.5% in the last session. The Williams indicator is giving a positive signal.
WTI/USD skyrocketed 3.5% in the last session.
The Williams indicator is currently in the positive zone.
Support: 71.2833 | Resistance: 75.9633

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