Oil futures finished lower Thursday as concerns over production disruptions from Hurricane Ian eased, but prices held ground above $80 a barrel following a 4.7% gain in the previous session. “The overall dynamic for crude remains largely unchanged,” said Robbie Fraser, global research and analytics manager at Schneider Electric. “Recession fears continue to weigh on demand prospects looking forward, which has been reinforced by accelerated by aggressive rate increases by the U.S. Federal Reserve and other central banks.” November WTI crude CLX22,
Murrey Math Lines 12.04.2024 (Brent, S&P 500)
Brent Brent quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has broken the support line, exiting the overbought