London-Sana
Oil prices stabilized today as fears of weak demand dispelled after data showed a larger-than-expected drop in US crude inventories.
Reuters reported that Brent crude futures recorded $ 104.55 a barrel, up 15 cents, or 0.1 percent.
US West Texas Intermediate crude rose 27 cents, or 0.5%, to $95.25 a barrel.
The US Federal Reserve is expected to raise interest rates by 75 basis points, underscoring concern about the demand outlook in the US and the possibility of a stronger dollar, which will make dollar-denominated commodities more expensive for holders of other currencies.
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