Oil extends losses, WTI goes down by 3% - Breaking The News
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Oil extends losses, WTI goes down by 3%

Economy
Christian Baha / JR

1 min read

EPA-EFE/LARRY W. SMITH

The prices of oil futures continued to garner losses on Wednesday ahead of the release of the minutes from the Federal Market Open Committee (FOMC), expected to indicate the Federal Reserve's next steps regarding interest rates.

Also, later in the day, the American Petroleum Institute (API) will publish its newest update on stocks of crude oil in the United States.

West Texas Intermediate (WTI) for deliveries in April decreased by 3.01% at 1:34 pm ET to go for $74.08 per barrel. At that moment, Brent for the same month's settlements declined by 2.82% to sell for $80.72 per barrel.

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