Crude Oil Prices May Be Capped By US Stimulus Uncertainty
October 09, 2020 at 04:24 AM EDT
Crude oil prices are drifting sideways below the $44/bbl figure. A breach of resistance in the 42.40-43.88 area – confirmed on a daily closing basis – may open the door for buyers to challenge the upside hurdle clustered around the $50/bbl mark.