Oil prices stabilized on Wednesday after rising during the previous two sessions, as investors awaited the expected decision of the Federal Reserve to cut interest rates.
Brent crude futures for November delivery fell three cents to $73.67 a barrel. U.S. crude futures for October delivery fell 11 cents, or 0.2 percent, to $71.08 a barrel.
Benchmark crude contracts rose by about a dollar a barrel on Tuesday, amid continued supply disruption in the United States, the world's largest oil producer after Hurricane Francine, as well as traders betting that demand could increase after what will be the first interest rate cut by the US central bank in four years.
Source (Al-Arabiya.net Website, Edited)
