• The US Federal Reserve’s 25 bps rate hike undermined the US Dollar.
• WTI shrugged off the rise in US oil inventories to a 22-month high.
• OPEC countries would likely adhere to its output cut of 2 million barrels daily.

Western Texas Intermediate (WTI), the US crude oil benchmark, rises 0.17% as Thursday’s Asian session begins. On Wednesday, the black gold advanced 0.59% to $68.94 a barrel as New York finished its session. However, WTI is pushing for a second attempt in the week, above the $70.00 a barrel. At the time of writing, WTI exchanges hands at $70.02.