Oil Edges Up; Focus on Fed

08:33pm, Tuesday, 17'th Dec 2024
Oil rose slightly in early Asian trade. The market is awaiting the Federal Reserve's rate decision, where a cut is widely anticipated.
After a pullback to the 20-Day MA, crude oil shows bullish signals but must overcome resistance near $73.27 to confirm strength.
Oil traders focus on the weakness of Germany's economy.
It sanctioned a commodities trader it described as a linchpin in Russia's oil market, part of moves designed to step up pressure on Moscow ahead of possible peace talks with Ukraine.
In the early hours of Tuesday, a pattern seems to be returning to the oil market, as traders are simply passing the ball back and forth at this point. The market is one that is rangebound and will pro
Oil prices were lower early Tuesday as traders looked toward the Federal Reserve's decision on interest rates later this week as the central bank kicks off its final policy meeting of the year.
WTI crude retreats below $70 amid weak Chinese data and Fed caution; bearish sentiment builds with growing global oil supply concerns.
Oversupply risks cloud the 2025 outlook for natural gas and oil, with critical pivot levels at $3.14 for gas and $73.64 for Brent crude.
Oil and natural gas markets remain in consolidation despite the strength of the US Dollar Index.
Oil futures edged lower in the Asian session on likely position adjustments ahead of the FOMC's two-day meeting that starts later today, where a rate cut is widely expected.
Oil prices were range-bound in early Asian trading on Tuesday as investors worried about Chinese demand and awaited further market direction from a U.S. interest rate decision due on Wednesday.
The crude oil market continues to see a lot of noisy behavior, as we continue to see a lot of noisy behavior. The oil market is one that I believe will be stronger next year, but this time of year mak
Oil prices were falling on Monday morning as traders assessed a batch of economic data in China that showed retail-sales growth unexpectedly weakened in November. Still, traders remained cautious ahea
Weak Chinese spending pressures crude oil demand as futures retreat. Key levels near $71.53 and $69.11 hint at rangebound trade while traders eye Fed decisions.
Cornelia Meyer, CEO of Meyer Resources, joins CNBC to talk about oil price direction.
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