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\nOil prices slipped on Wednesday following a US Federal Reserve announcement to slash interest rates by 50 basis points.<\/p>\n

Brent crude futures for November delivery fell five cents to $73.65 a barrel, while US crude futures for October delivery fell 28 cents to $70.91 a barrel.<\/p>\n

Earlier today, US Energy Information Administration announced that US crude inventories fell by 1.6 million barrels to 417.5 million, a decrease of 500,000 barrels from previous expectations.<\/p>\n

Oil prices slipped on Wednesday following a US Federal Reserve announcement to slash interest rates by 50 basis points.<\/p>\n

Brent crude futures for November delivery fell five cents to $73.65 a barrel, while US crude futures for October delivery fell 28 …<\/p>\n<\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-274536","post","type-post","status-publish","format-standard","hentry","category-production"],"yoast_head":"\nOil Prices Dip as US Federal Reserve Cuts Rates - Fujairah Updates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fujairahupdates.com\/oil-prices-dip-as-us-federal-reserve-cuts-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Prices Dip as US Federal Reserve Cuts Rates - Fujairah Updates\" \/>\n<meta property=\"og:description\" content=\"Oil prices slipped on Wednesday following a US Federal Reserve announcement to slash interest rates by 50 basis points. 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