U.S. crude oil WTI prices closed slightly higher on Wednesday (December 18). The market is assessing the impact of changes in U.S. crude oil inventories and the Federal Reserve's 25 basis point interest rate cut.
Analysts said that while the Fed has already cut rates by 25 basis points, investors will be watching the Fed's thinking about the future and how aggressive they will be in 2025.
West Texas Intermediate (WIT) futures for January delivery rose 50 cents, or 0.71%, to settle at $70.58 a barrel on the New York Mercantile Exchange.
Operation suggestion: The US oil all week to see crude oil prices up and down is not large, but many times touched the daily line near the Bollinger belt on the track have turned down, plus the weekly line and the monthly line can be in the volume stage, since the fall below the 70 mark, it will look down from the daily line track on the line.
short near 70, stop loss 71.5, target 69-68.
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