Oil up after US crude stocks fall, Fed’s 2025 outlook curbs gains

By X-blogger - on December 19, 2024

Oil prices settled higher after U.S. crude inventories fell and the U.S. Federal Reserve cut interest rates as expected, but gains were capped as the Fed signalled it would slow the pace of cuts.

The Oil-Dollar pair rose 0.8% in the last session. The Stochastic indicator is giving a positive signal.
Support: 68.43 | Resistance: 71.91

Write a comment

Your email address will not be published. Required fields are marked *

No comments yet, Be the first!
Special Offer
First Deposit Bonus

First Deposit Bonus | Phone Verification | First Trade on us | Account Verification


Cash Back Bonus

As a valued client, you can earn 'mileage points', from your trading volume.


Become an Xtrade VIP

Become an Xtrade VIP. For our VIP members, we go the extra mile with.