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Crude oil futures end slightly lower on Thursday

22 Sep 2023 Evaluate

Crude oil futures ended slightly lower on Thursday on concerns higher interest rates and economic slowdown could hurt energy demand. However, losses remained capped amid concerns about tight supplies after Russia imposed a ban on fuel exports. The Russian government's announcement that it will restrict exports of gasoline and diesel, aiming to stabilize prices.

Benchmark crude oil futures for November delivery fell $0.03 to settle at $89.63 a barrel on the New York Mercantile Exchange. Brent crude for November delivery declined $0.23 or 0.24 percent to settle at $93.30 a barrel on London's Intercontinental Exchange.