Reply To: Around The Barrel – Crude Oil and Gasoline Outlook in Holiday Season

#48011
TradersCom
Keymaster

WTI crude #oil settled $79.73 -$0.35 or -0.44%
Bounced after testing the close from 2021 $75.35 at low for the day at $75.27
The fall came from a since denied newswire headline #OPEC+ would raise production 500K December 4 meeting

Later Bloomberg reported that a Saudi official had denied the rumor and that led to a sharp rebound to the upside. The full decline lower, was retraced back to the upside.