On September 21, the global oil market witnessed a significant downturn, with West Texas Intermediate (WTI) crude futures plunging 3.03% to settle at $93.170 per barrel, while Brent crude futures declined 2.54% to close at $96.769 per barrel.

This sharp drop in both major benchmarks reflects a broad sell-off in energy commodities, driven by a combination of factors including supply concerns easing and shifting market sentiment, as traders recalibrate their positions in response to the latest developments in global demand dynamics.

The decline in crude prices marks a notable correction from recent levels, with the two-day cumulative movement underscoring heightened volatility in the energy sector, as investors closely monitor inventory data and geopolitical signals that could influence future price trajectories.