XM Banner
Scroll up
News / Technical Analysis / Oil prices edged higher on Wednesday, extending the previous day rally

Oil prices edged higher on Wednesday, extending the previous day rally

Published: 10.01.2024
Oil prices edged higher on Wednesday, extending the previous day rally, driven by a more substantial-than-expected decrease in U.S. crude stocks. However, gains were limited due to a larger-than-anticipated buildup in petroleum product inventories.
Feel free to share our work. Thank you!
Disclaimer: The information and publications do not serve as, and should not be construed as, financial, investment, trading, or any other form of advice or recommendations endorsed or provided by Noirbull. Any expression of opinion (which may change without prior notice) reflects the author's personal viewpoint, and the author does not assert any representations or warranties regarding the accuracy or comprehensiveness of the information or analysis provided. Neither the authors nor Noirbull bear responsibility for any losses arising from investments made based on perceived recommendations, forecasts, or other information presented herein. The content of these publications should not be construed as a direct or implied assurance, guarantee, or indication by Noirbull that customers will profit or that losses associated with them can or will be mitigated if they rely solely on the information provided.