The price of fuel oil has decreased in the international market

International desk:  The price of fuel oil has decreased in the international market. However, the price rose to the highest in several months in the previous session. At the time, oil prices rose ahead of the US Federal Reserve's interest rate policy announcement.

But Brent crude for May fell 1.43 cents, or 1.63 percent, to $85.95 a barrel on Wednesday as the U.S. Federal Reserve kept interest rates on hold.

Moreover, the price of West Texas Intermediate for the month of April decreased by 1.79 dollars or 2.14 percent to 81.68 dollars per barrel.

Brent settled at $87.38, the highest since Oct. 31 in the previous session, while WTI hit its highest since Oct. 27 at $83.47. 

 

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