Oil prices fall by approx 1 ahead of U.S. Fed Reserve's interest rate decision

Oil prices fell by approx $1 on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand.

 

In



intra-day trade, Brent crude was trading at 93 dollars and 61 cents per barrel. West Texas Intermediate crude price was at 90 dollars and 22 cents per barrel when reports last came in.