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Home Markets Futures

Oil prices slide for 3rd day as Fed plans to keep interest-rates higher for longer

by Press Room
September 21, 2023
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Crude oil prices were trading lower on Thursday, adding to back-to-back declines, after the Federal Reserve signaled that it would keep its policy interest rate above 5% through next year.

Price action

Market drivers

The global central-bank hit parade continued on Thursday as the Bank of England opted to leave interest rates on hold, following an encouraging reading on August inflation earlier this week.

However,…

Read the full article here

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