London-Sana
Oil prices fell in early Asian trade today after the US central bank raised interest rates significantly to control inflation as concerns related to the global economy cast a shadow on future fuel demand.
Reuters reported that Brent crude futures fell 16 cents, or 0.2 percent, to $89.67 a barrel.
West Texas Intermediate crude futures fell 15 cents to $82.79 a barrel.
The US central bank raised interest rates by 75 basis points for the third time this year, to a range between 3.00 and 3.25 percent, and has signaled further rate hikes.
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