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Oil's breakneck rally is taking a breather as a smaller-than-expected drop in US crude stockpiles bolstered technical resistance to further gains.

Oil dropped below $90 a barrel after Israel said it would remove some troops from Gaza, with crude's recent rally now facing technical resistance as geopolitical friction shows signs of easing.

Crude experienced a bumpy session, as potential OPEC+ cuts are weighed against global growth headwinds.

Oil fell to its lowest in almost three weeks, with technical indicators driving the market's direction amid a lack of clarity on crude demand.

Oil extended its slump on concerns that slowing global growth will erode consumption a day after the market posted its biggest decline in more than a year.

Oil fell for to a two-week low amid escalating concerns about worldwide demand while a broader risk-off sentiment weighed on assets from metals to equities.

Oil extended declines as traders digested signs of weakening economies and ample supplies while awaiting more clues on the Federal Reserve's path for interest rates.

Oil fell after a choppy session as traders assessed conflicting reports of progress on an agreement to pause the Israel-Hamas war and release hostages.

China stimulus fails to buttress crude prices.

Oil steadied as a broad, risk-off sentiment eroded gains driven by Russia's ban on gasoline and diesel exports, further tightening an already stressed global fuel market.