Oil prices fell today to settle at a three week low on a rising US dollar. The federal reserve met today, keeping the interest rates the same as expected. They did, however, keep the door open for future rate hikes noting the strength of the US economy. Today’s settlement was the lowest since October 6th for Brent and Aug 28th for WTI with both settling below the 100 day moving average. “The oil market will remain fixated with the deteriorating demand outlook and if any of the latest developments with the Israel-Hamas war will lead to any supply disruptions,” Moya at OANDA said. WTI traded down $.58 or -.7% to close at $80.44. Brent traded down $.39 or 0.5% to close at $84.63.