Oil up after US crude stocks fall, Fed’s 2025 outlook curbs gains
By X-blogger - on December 19, 2024Oil 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
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