Oil market extended loses on worries over FED stance.
International benchmarks for crude oil extended the weakening trend on Wednesday, 1 November 2023 after the Federal Reserve kept interest rates stable
International benchmarks for crude oil extended the weakening trend on Wednesday, 1 November 2023 after the Federal Reserve kept interest rates stable as expected, however, open to the possibility of future hikes citing the strong economy.
Brent dropped 39 cents to close at $84.63/barrel.
WTI loses 58 cents to close at $80.44/barrel.