RSS No Santa Claus rally for the oil bulls

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 RSS No Santa Claus rally for the oil bulls

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WTI crude oil settled lower by 48-cents after trading higher earlier in the day. There are some positive signs that China will stimulate demand in the year ahead and that should improve supply/demand balances but the oil market is in a wait-and-see mode.

Technically, the range trade continues.

This article was written by Adam Button at www.forexlive.com.
 
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