9/21/2023, 9:58 AM (Source: TeleTrader)
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Oil prices cool off, decline by more than 1%

The prices of oil futures registered losses on Thursday in contrast with the gains scored the previous days after Russia voiced its commitment to prevent further raises in the monetary value of fossil fuels and even try to lower them.

Meanwhile, the United States Federal Reserve decided to keep its key interest rate unchanged while also noting it will not shy away from hiking it again if necessary to fight price instability.

West Texas Intermediate (WTI) for November's deliveries decreased by 1.27% at 3:40 am ET to sell for $88.51 per barrel. At that moment, Brent for the same month's settlements fell by 1.27% to go for $92.73 per barrel.

Baha Breaking News (BBN) / JR