Oil prices hold near 2-week low after OPEC cuts demand view

By X-blogger - on November 13, 2024

Oil prices held near a two-week low after dropping about 5% over the past two sessions as investors absorbed OPEC’s latest downward revision for demand growth, a stronger U.S. dollar and disappointment over China’s latest stimulus plan.

The Oil-Dollar pair rose 0.2% in the last session after gaining as much as 1.3% during the session. The CCI is giving a negative signal.
Support: 66.17 | Resistance: 70.129

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