undamentals:

Crude oil pulled back somewhat on Thursday from 51.20 to 50.50, giving back some of the gains it posted this month, as I wrote due to the strengthening US dollar following the “hawkish” Fed yesterday.

Oil traders will have a busy end of the week as well, as OPEC and non-OPEC producers are set to meet in Vienna on Friday in order to discuss the effectiveness of their production-cut deal so far, ahead of the big OPEC meeting in November.
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CRUDE-OIL-D1-1

Source: http://www.fxters.com/crude-oil-technical-analysis-september-22nd/

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