Crude oil prices stabilized in tight ranges on Tuesday as traders focused more on the upcoming holidays than market-moving factors. Headlines about China’s proposed 3 trillion Yuan stimulus to boost economic activity and oil demand failed to significantly impact prices. WTI traded at $69.63, and Brent Crude at $72.84, with resistance at $70.76 and $71.46 and support at $67.12. The US Dollar Index, near a two-year high, also showed reduced volatility. Market participants awaited the American Petroleum Institute’s (API) weekly crude stockpile data after a 4.7 million-barrel drawdown last week, with limited market activity expected until year-end.


