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WTI tumbles to $45.00

FXStreet (Edinburgh) - Crude oil prices are being slapped in the face on Friday, slumping more than 3% towards the $45.00 per barrel.

WTI weaker post-FOMC

The weaker tone around the greenback is not helping the barrel of the West Texas Intermediate today, as the uncertainty regarding the timing and conditions of the Fed’s lift-off continue to weigh on traders’ sentiment.

Crude prices are surrendering part of the weekly advance, returning to the $45.00 neighbourhood after testing the boundaries of the $48.00 handle on Thursday.

Ahead in the session, the only release of note for oil traders will be the US oil-rig count tracked by driller Baker Hughes.

WTI levels to watch

The barrel of WTI is now losing 3.41% at $45.30 facing the next support at $43.59 (low Sep.14) ahead of $43.36 (low Sep.10) and then $43.21 (low Sep.2). On the upside, a surpass of $48.42 (high Sep.3) would open the door to $48.87 (high Sep.1) and finally $49.33 (high Aug.31).

Wall Street in the red, Investors worried about economy

The stock markets in the US fell sharply in line with its European peers as investors view Fed’s inaction n Thursday as a sign of economic slowdown.
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