U.S. crude oil WTI closed down nearly 3% on Thursday (September 26) and fell $68 per barrel.
Saudi Arabia's pledge to increase production and abandon its unofficial price target of $100 a barrel, as well as news that Libya could add crude to the international market, also weighed on oil prices.
West Texas Intermediate (WTI) for November delivery fell $2.02, or 2.90%, to settle at $67.67 a barrel on the New York Mercantile Exchange.
Operation suggestion: The US oil market slightly pulled up to give 70.8 position after the market was strongly affected by the fundamentals, the daily line to the lowest position of 67.7 after the market finishing, the daily line finally closed in the position of 68.36 after the market with a lower shadow line longer than the upper shadow line, and such a form after the end.
Trading strategy: short near 69.5 , stop loss 70, target 67.7-66.5.
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