Oil fell more than 1% on profit taking, interest rates worry.
International benchmarks for crude oil fell by more than 1% on Thursday, 28 September 2023 as traders took profit after prices soared to ten-month highs.
International benchmarks for crude oil fell by more than 1% on Thursday, 28 September 2023 as traders took profit after prices soared to ten-month highs. Besides, investors are also concerned that high oil prices will stoke inflation, encouraging central banks around the world to persist with high-interest rates.
Brent fell $1.17 or 1.2% to close at $95.38/barrel.
WTI dropped $1.97 or 2.1% to close at $91.71/barrel.