Crude Oil

Crude oil settles at $71.19

• Down $-0.74 or -1.02%

Iran is shipping the most crude in almost five years

The AUD is the strongest and the USD is the weakest currency as the NA session begins

• The FOMC rate decision is ahead at 2 PM ET

WTI Crude Oil Technical Analysis

• WTI Crude Oil remains in a range maintaining a bearish bias.

Private oil survey data shows headline crude oil build vs draw expected

WTI crude oil futures settle at $67.12

• Down -$3.05 or -4.35%

More on Goldman Sachs slashing its December Brent oil forecast to $86 from $95

US crude oil futures settle at $70.17

• Down $1.12 or 1.57%

US media report: Saudi crown prince threatened ‘major’ economic pain on U.S. amid oil feud

WTI crude oil futures settle at $72.53

• Up $0.79 or 1.10%. At session lows, price tested a cluster of technical support.

Private oil survey data shows headline crude oil draw vs. build expected

The USD is the strongest and the GBP is the weakest as a North American session begins

• The USD is rising as oil and yields rise

WTI Crude Oil Technical Analysis

• Saudi Arabia production cut and extension of voluntary cuts through 2024 for other OPEC+ members saw Crude Oil gap up to $75 at the open.

Oil news - US and UK naval forces responded to Iranian fast-attack boats in Gulf on Sunday

Baker Hughes oil rig counts fall -15 to 555 in the current week

• The weekly Baker Hughes rig count