Equities rally on bets Trump seen pulling off tax overhaul WTI crude technicals form bullish “golden cross” formation Iraqi forces stand guard at the Bai Hassan oil field, west of Kirkuk, on Oct. 19, 2017. Photographer: Ahmad Al-Rubaye/AFP/Getty Images Oil rebounded as a risk-on appetite is seen coming back into financial markets. West Texas Intermediate futures closed 0.4 percent higher in New York as U.S. equities rallied. In the U.S., oil rigs slid for a third week, according to Baker Hughes data. Meanwhile, supply from Kurdistan remains uncertain. WTI’s 50-day moving average rose above the 200-day one, a bullish signal know as a golden cross. “The stock market is hitting new highs. The risk-on appetite is coming back,” Michael Loewen, a commodities strategist at Scotiabank in Toronto, said by telephone. “The general rhetoric has been OPEC is going to be extending their cuts. We’ve been seeing good demand in […]