Oil settles slightly higher, investors focus on steep draw in fuel stocks

By X-blogger - on November 15, 2024

Oil prices closed slightly higher in choppy trading, as a steep draw in U.S. fuel stocks outweighed oversupply concerns and demand worries stemming from a stronger dollar.

The last session saw the Oil gain 0.6% against the Dollar. The MACD is giving a negative signal.
Support: 66.312 | Resistance: 70.722

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