Why crude oil posted its worst day since September 2022

Crude oil prices fell nearly 6% on Wednesday, the biggest one-day sell-off since September 2022.

The apparent weakness was a wake-up call for oil prices, and their acceleration to below $80 making the $100 price tag questionable.

Additionally, OPEC+ has kept its oil production policy unchanged as widely expected and is not expected to meet again until November 26.