Oil settles $1 down as supply set to rise

Oil prices retreated on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside dwindling hopes of a hefty U.S. interest rate cut next month, following data showing strong consumer spending.

The Oil-Dollar pair fell 2.5% in the last session after gaining as much as 1.1% during the session. According to the CCI, we are in an oversold market.
WTI/USD dove 2.5% in the last session.
The CCI points to an oversold market.
Support: 72.271 | Resistance: 77.691