Crude Oil prices are going nowhere as volatility dies down on Tuesday with traders looking ahead to Christmas Eve rather than the release of the American Petroleum Institute (API). Even headlines of further stimulus in China are not driving Oil prices higher: Chinese policymakers want to boost the economy with a 3 trillion Yuan bond injection, a move that should ramp up spending and result in a boost in demand for Oil from one of the world's top consumers.
At the time of writing, Crude Oil (WTI) trades at $69.61 and Brent Crude at $72.80.(cay) Newsmaker23
Source: Fxstreet
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