Oil prices fell in early Asian trade on Thursday after posting the biggest one-month drop in the previous session, as expectations of a U.S. interest rate hike erased the impact of falling crude inventories in the country.
Brent crude futures for November delivery fell 67 cents, or 0.72 percent, to $92.86 a barrel, while U.S. West Texas Intermediate crude futures fell 71 cents, or 0.79 percent, to $88.95, the lowest level since Sept. 14.
Although the Fed has kept interest rates unchanged, it is still seen as a pause in tightening, putting some pressure on risky assets such as oil.
Source (Al-Arabiya.net Website, Edited)
