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Oil Prices Steady as Investors Focus on Fed Decision

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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

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