🛢️ Why Crude Oil Dropped from 93.20 to 89.13 📉 📉 Total Move: 407 Cents (93.20 ➝ 89.13) 🔍 Fundamental Reasons 🇺🇸 Stronger U.S. Dollar reduced demand for dollar-priced crude. 🛢️ Concerns over higher global oil supply (OPEC+ output expectations) pressured prices. 📉 Weak global demand outlook, especially from China, raised fears of slower oil consumption. 📦 Profit booking after the recent rally accelerated the sell-off. 🌍 Easing geopolitical risk premium reduced fears of supply disruptions, weighing on crude prices. 📊 Technical Reasons 🔻 Strong rejection from the 93.20 resistance zone. 📉 Breakdown below key support triggered fresh selling. ⚠️ Bearish momentum increased as buyers failed to defend higher levels. 💰 Sellers remained in control, pushing prices toward major support zones.