Friday, September 18, 2015

Oil Market Update : Epic Research Singapore

Oil prices settled lower on Thursday, though pared some of their earlier losses after the Federal Reserve left interest rates unchanged and left open the possibility of a rate hike before the end of the year.

On the New York Mercantile Exchange, October West Texas Intermediate crude CLV5, -0.26%  settled at $46.90 a barrel, down 25 cents, or 0.5%. It was trading around $46.74 right before the Fed announcement.

November Brent crude LCOX5, +0.20%  on London’s ICE Futures exchange fell 67 cents, or 1.4%, to $49.08 a barrel.

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