#CRUDEOIL UPDATE || 21 SEP

٢١ سبتمبر ٢٠٢٣

Fed rate hike signals pushed oil prices lower, with Brent crude closing at $92.40 and WTI at $88.57, marking a second day of losses.

Analysts expect consolidation to continue, with short-term tightness supported by supply constraints.

SUMMARIZE: We are expecting crude oil to fall between - 1.5 - 2.7% within this week