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