West Texas Intermediate (WTI) Oil stayed muted near $83 per barrel following the Federal Reserve's (Fed) decision to hold interest rates constant on Wednesday afternoon. Retaliatory attacks involving the United States (US), Saudi Arabia, and Iran intensify concerns about potential disruptions to regional oil supplies. Crude prices are failing to retain their gains after the Federal Reserve (Fed) left interest rates unchanged at 3.50%–3.75%. Saudi Arabia launched attacks against Iran-aligned groups in Iraq alongside the United States in retaliation for drone strikes by Iran-aligned militias on Saudi Oil facilities. Short-term technical analysis:On the 4-hour chart, WTI trades at $83.48.