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  • 10/4/2023
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]

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