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International benchmarks for crude oil fell on Tuesday, 21 February 2023 on the strengthening US dollar that makes the commodity less appealing to overseas investors. Meanwhile, traders turned their attention to the next FED meeting to gauge the impact on the demand. An aggressive interest rate hike could slow economic growth and reduce oil consumption. 

Brent slid $1.02 or 1.2% to close at $83.05/barrel.

WTI inched 18 cents lower to close at $76.16/barrel.

Oil traders have been weighing the US interest rate and China's recovery from the Zero-Covid policy to determine the price direction.