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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.