Crude Oil in orbit around $70.00, looking for a weekly close above it

December 13, 2024

Oil prices are in search to end the week on a high note by attempting to close above $70.00. Traders are torn in their choice between a possible short term upside against a long term bearish turnout. The US Dollar Index trades below 107.00 and fails to hold onto gains.

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Global supply chain stress up, oil rising, service costs rising, CRB Index at all-time highs, consumer inflation expectations up, natural gas up, and RINF inflation expectations at all time high.

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Giorgia Meloni: “Elon Musk is not a danger to democracy, George Soros is.” People like UK Prime Minister Keir Starmer are merely upset because Elon points out how deranged his policies are.

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Crude Oil in orbit around $70.00, looking for a weekly close above it

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Global supply chain stress up, oil rising, service costs rising, CRB Index at all-time highs, consumer inflation expectations up, natural gas up, and RINF inflation expectations at all time high.

Giorgia Meloni: “Elon Musk is not a danger to democracy, George Soros is.” People like UK Prime Minister Keir Starmer are merely upset because Elon points out how deranged his policies are.