Oil prices fell today, Thursday, amid fears that raising interest rates again will lead to a decline in economic growth and global demand for oil.
Brent crude futures fell 27 cents, or 0.4%, to $73.76 a barrel by 0052 GMT. West Texas Intermediate crude futures lost 21 cents, or 0.3%, to $69.35 a barrel.
The benchmark rose about 3% on Wednesday, after the US Energy Information Administration said that crude stocks fell by 9.6 million barrels in the week ending June 23.
Source: National Iraqi News Agency
