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Low oil prices

2022-09-14T08:27:33.733Z


Singapore - SANA- Oil prices fell slightly today, amid fears that the US central bank will resort to raising


Singapore - Sana

Oil prices fell slightly today, amid fears that the US Central Bank will raise interest rates again next week, after unexpectedly rising consumer prices last August.

Reuters reported that Brent crude futures fell 17 cents, or 0.2 percent, to $ 93.00 a barrel.

US West Texas Intermediate crude futures fell 11 cents, or 0.1 percent, to $87.20.

Prices came under pressure from unexpected US inflation data yesterday, dashing hopes that the Federal Reserve will ease its hawkish interest rate hike policy in the coming months.

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Source: sena

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