Oil prices fall amid investors' worry on higher interest rates, looming OPEC+ panel meeting

Transcript

00:00 Oil prices went down anew amidst a looming OPEC plus ministers panel meeting,

00:05 while investors weigh the effects of possibly supply tightening

00:09 coupled with fears of lower fuel demand due to high interest rates.

00:13 Brent crude dipped by 6 cents to settle at $90.86 per barrel,

00:18 while U.S. West Texas Intermediate also felt to settle at $89.18.

00:24 Fuel prices, experts say, have been pressured by a strengthening dollar

00:29 which is expected to put a dent on demand as it makes oil more expensive for buyers.

00:35 [MUSIC PLAYING]