NEW YORK: Oil prices fell about 1% to a one-week low on Wednesday (Sept 20) after the US Federal Reserve (Fed) left interest rates unchanged as widely...
Energy markets had little reaction to US data showing crude inventories fell in line with expectations last week. – AFPpicOil prices fell about 1% to a one-week low on Wednesday after the US Federal Reserve left interest rates unchanged as widely expected, but stiffened its hawkish stance with a further rate increase projected by the end of the year.
Despite the price decline, Brent remained in technically overbought territory for a 14th straight day, which would be the longest streak since 2012. Energy markets, meanwhile, had little reaction to US energy data showing crude inventories fell in line with expectations last week.
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