Oil Prices Steady as Investors Focus on Fed Decision

Oil prices held steady today, after rising in the previous two sessions, as investors await the US Federal Reserves anticipated interest rate cut. Brent crude futures for November dropped 3 cents to $73.67 a barrel. US crude futures for October slid 11 cents, or 0.2%, to $71.08 a barrel. Both contracts gained by about $1 a barrel yesterday (Tuesday) on lingering supply disruptions in the US, the worlds biggest oil producer, after Hurricane Francine. Source: Oman News Agency