Oil settles down 2% on weaker Chinese demand

Oil prices settled down more than 2% to end last week as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S. Federal Reserve interest rate cuts. China’s oil refiners in October processed 4.6% less crude than a year earlier.

The Oil-Dollar pair plummeted 2.3% in the last session. The Ultimate Oscillator is giving a negative signal.
WTI/USD dove 2.3% in the last session.
Support: 64.446 | Resistance: 69.816