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  • 3 years ago
Oil prices fall as expectations on U.S. Fed Reserve interest rate hike offset effects of supply cuts
Transcript
00:00 Oil prices still fell as investors' expectations on developments over the U.S. interest rate hike
00:05 was enough to offset the continuing effects of supply cuts. Brent crude went down 97 cents to
00:12 settle at 92 dollars and 56 cents a barrel, while U.S. West Texas Intermediate also fell
00:18 97 cents at 88 dollars and 69 cents per barrel. It can be recalled that both benchmarks already
00:25 fell by more than a dollar in the previous session.
00:28 (upbeat music)

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