No Santa Claus rally for the oil bulls
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WTI crude oil settled decrease by 48-cents after buying and selling greater earlier within the day. There are some constructive indicators that China will stimulate demand within the 12 months forward and that ought to enhance provide/demand balances however the oil market is in a wait-and-see mode.
Technically, the vary commerce continues.
This text was written by Adam Button at www.ubaidahsan.com.
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