Massive sell of Crude post US CPI data - 12 December 2023 News Based:
Post-CPI Inflation data 3.1% rise in November YoY - Massive sell-off of Crude was seen.
Higher oil prices contribute to inflation directly and by increasing the cost of inputs.
Hence, we can see a massive crude oil sell-off.
Technicals
5755 is a crucial level
if Crude sustains below we can see a massive downfall as seen in the image
