20 DEC 09:53
Can Crude break out of downtrend?
Oil benchmarks have been climbing since last week after the Federal Reserve pointed to US rate cuts in 2024. Those gains have been extended by the recent disruptions to oil supplies via the Red Sea. Today's US crude stockpiles data could determine whether crude bulls can punch past a key downward trend line that's now acting as resistance, while noting that a "death cross" looms.