Oil Futures Edge Lower in Possible Technical Correction
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Oil futures have edged lower, potentially due to a technical correction, following significant weekly percentage gains for U.S. and global benchmark oil.
December 16, 2024 | 1:30 am
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BNO, an ETF tracking Brent oil prices, may experience a short-term price dip due to a technical correction in oil futures after recent gains.
The article suggests a technical correction in oil futures, which could lead to a short-term price decrease for BNO, an ETF that tracks Brent oil prices. This is due to the correlation between oil futures and the ETF's performance.
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