---
title: "[Analyst: International oil market remains stable awaiting new signals]On September 17, Priyanka Sac"
description: "[Analyst: International oil market remains stable awaiting new signals]On September 17, Priyanka Sachdeva, senior market analyst at Phillip Nova, wrote in a report that the oil market remains cautious"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/23925081.md"
published_at: "2024-09-18T05:36:49.000Z"
author: "[京城Z先生](https://longbridge.com/en/profiles/9198235)"
---

# [Analyst: International oil market remains stable awaiting new signals]On September 17, Priyanka Sac

\[Analyst: International oil market remains stable awaiting new signals\]

On September 17, Priyanka Sachdeva, senior market analyst at Phillip Nova, wrote in a report that the oil market remains cautious ahead of this week's Federal Reserve meeting. Sachdeva noted that despite supply-side risks from Gulf of Mexico shutdowns and Libyan supply disruptions, near-month WTI prices remain below the key threshold of $70 per barrel. Sachdeva added that this reflects traders' cautious stance amid concerns about an economic slowdown, putting the Fed's decision in focus. Sachdeva said it remains to be seen whether oil prices are in a downward trend. She pointed out that both OPEC and the U.S. Energy Information Administration have lowered demand forecasts due to worsening demand in some Asian regions.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.