2024-12-25 16:36
IndustryOil Rises in Thin Trading Amid China Stimulus Hope
Oil climbed over 1.2%, with WTI settling above $70/bbl, boosted by reports of CN's potential $411B bond sales to stimulate its economy. Technical buying was triggered as crude breached its 50-day moving average.
Geopolitical uncertainties, including Trump's Panama Canal threats and sanctions on Iran, countered gains, while a strong dollar pressured commodities. Trading remains subdued ahead of the holidays, with focus shifting to OPEC's planned production increases in 2025.
#Oil #WTI #CrudeOil #Commodities #Geopolitics #EnergyMarkets
Like 0
Gamma Squeezer
المتداول
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
Oil Rises in Thin Trading Amid China Stimulus Hope
| 2024-12-25 16:36Oil climbed over 1.2%, with WTI settling above $70/bbl, boosted by reports of CN's potential $411B bond sales to stimulate its economy. Technical buying was triggered as crude breached its 50-day moving average.
Geopolitical uncertainties, including Trump's Panama Canal threats and sanctions on Iran, countered gains, while a strong dollar pressured commodities. Trading remains subdued ahead of the holidays, with focus shifting to OPEC's planned production increases in 2025.
#Oil #WTI #CrudeOil #Commodities #Geopolitics #EnergyMarkets
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.