Oil up 2%, settles at 3-week high
By X-blogger - on December 16, 2024![](https://widgets.fxwidgets.com/charts/WTIUSD.png)
Oil prices climbed about 2% on Friday to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies and that lower interest rates in Europe and the U.S. could boost fuel demand.
The Oil-Dollar pair rose 1.5% in the last session after gaining as much as 1.9% during the session. The MACD is giving a positive signal.
Support: 68.416 | Resistance: 72.646
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