Oil resumed downtrend on strong US dollar

International benchmarks for crude oil settled lower on Tuesday, 20 September 2022 as the US dollar stay strong ahead of the Federal Reserve meeting on 21 September. Investors expected the FED to raise the key interest rate by 75 basis points for the third straight quarter to rein inflation.

Brent loses $1.38 or 1.5% to close at $90.62/barrel

WTI for the October settlement dropped $1.28 to close at $84.45/barrel.