Crude oil prices slip to 92 per barrel as Fed pauses on hikes again

Crude oil prices slip to $92 per barrel as Fed pauses on hikes again. The US Fed held interest rates steady yesterday while indicating one more hike before the end of 2023 and fewer rate cuts in the next year.

 

In intra-day trade, Brent



crude was trading down by 1 dollar at 92 dollars and 53 cents per barrel. West Texas Intermediate crude price was also trading down by 97 cents at 88 dollars and 69 cents per barrel when reports last came in.