Oil market held steady as investors weighed rate hikes and Russian’s ban.
International benchmarks for crude oil remained largely unchanged on Friday, 22 September 2023 as investors took a step back
International benchmarks for crude oil remained largely unchanged on Friday, 22 September 2023 as investors took a step back to assess the impact of Russia banning the export of gasoline and fuel products to stabilise local prices against the sapping demand outlook stemming from future interest rate hikes.
Brent lost 3 cents to close at $93.27/barrel.
WTI rose 40 cents to settle at $90.03/barrel.