Oil Declines Again After Bullish Correction, Brent at $61

Oil stabilizes after decline. Oil prices stabilized during Asian trading on Thursday, after falling by more than a dollar in the previous session, amid concerns about trade negotiations between the United States and China, the world's largest oil consumer.

Oil Declines Again After Bullish Correction, Brent at $61

Dow Jones 1H Chart Dow Jones Industrial Average shows bullish momentum today with all short term and mid term moving averages trending upward on the hourly chart. The index might face resistance at the 41,451 level, which represents the monthly high. Breaking and closing above this level on the hourly chart will indicate buying pressure is then expected to push prices higher towards 41,560 RSI is approaching the overbought zone, but still mostly…

Directly... oil prices settled today, Thursday, after falling even further...