The price of oil falls in anticipation of the meeting of the US Federal Reserve

MOSCOW, 20 Sep — PRIME. World oil prices on Tuesday evening are reduced by 2% on concerns about demand, investors are waiting for the upcoming meeting of the US Federal Reserve System (FRS), according to trading data and expert comments.

As of 19.09 Moscow time, the price of November futures for Brent crude fell by 2.04%, to $90.12 per barrel, and November futures for WTI — by 2.28%, to $83.41.

The next Fed meeting is expected on Wednesday. Traders believe that the regulator will once again raise the refinancing rate to fight inflation. Thus, 84% of analysts surveyed by CME Group expect the rate to rise by 75 basis points at once, to 3-3.25% per annum. Investors fear that a sharp increase in key rates in the countries of the world will lead to a decrease in global energy demand.

“Macro pressure from the Federal Reserve, which is due to raise interest rates this week, is once again putting pressure on the US stock market, which appears to be holding back crude oil prices,” senior vice president of trading at BOK Financial told Bloomberg. Dennis Kissler.