Oil Prices Fall Back As Traders Take Profits

Oil Prices Fall Back As Traders Take Profits

OilPrice.com

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Crude oil prices dipped earlier today after a relentless rally that brought benchmarks to a 10-month high earlier this week. The dip was the result of profit-taking and a pause ahead of a Fed meeting that would discuss interest rates yet again. At the time of writing, Brent crude was trading at around $92 per barrel, after topping $95 per barrel yesterday. West Texas Intermediate was trading at a little under $90 per barrel, after topping $92 on Tuesday. "The oil rally is taking a little break as every trader awaits a pivotal Fed decision that…

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