Oil prices slide for 3rd day as Fed plans to keep interest-rates higher for longer

Crude oil prices were trading lower on Thursday, adding to back-to-back declines, after the Federal Reserve signaled that it would keep its policy interest rate above 5% through next year.

Price action

Market drivers

The global central-bank hit parade continued on Thursday as the Bank of England opted to leave interest rates on hold, following an encouraging reading on August inflation earlier this week.

However,…

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