Oil Prices Drop After Fed Rate Increase

Crude oil prices dropped on Thursday after the Federal Reserve recorded a 25 basis points rate rise amid worries around the US financial sector’s concern over decreasing oil consumption. Brent crude sold at $76.27 per barrel, representing a 0.55% reduction from the previous trading session’s closing price of $76.69 per barrel. At the same time, … Continue reading Oil Prices Drop After Fed Rate Increase