Oil prices fell, becoming further away from their highest levels in ten months, ahead of the announcement of the Federal Reserve (US Central Bank) decision on the interest rate, amid a state of uncertainty among investors about when interest rates will reach their peak and the extent of its impact on energy demand.
Brent crude futures fell by slightly more than a dollar to $93.33 per barrel, and in the latest trading on Wednesday, they fell 80 cents, equivalent to 0.8 percent, to $93.54 per barrel. Brent recorded $95.96 yesterday, Tuesday, its highest level since November. US West Texas Intermediate crude futures fell 0.8 percent, or 75 cents, to $90.45 a barrel, after rising to a ten-month high of $93.74 a barrel.
Source (Al-Arabiya.net, Edited)
