Crude oil prices have fallen after the US retained the existing interests rates, as well as a rise in inventory.
Brent crude fell 39 cents at $48.66 a barrel, while the US crude futures slipped 38 cents at $45.56 a barrel, Reuters reported.
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On Wednesday, the US Federal Reserve kept interest rates unchanged and is considering increasing interest rates in December.
CMC Markets in Sydney chief market analyst Ric Spooner told the news agency: "It looks like there was a lot of momentum in last night’s move so I would not be surprised to see it continue when the European and US sessions open up."
Energy Information Administration (EIA) data on Wednesday highlighted an increase in US crude stocks last week, while there was a fall in gasoline and distillate inventories, which was widely predicted.
The American Petroleum Institute (API) reported that inventories increased in line with trader expectations but the buildup was less than the 4.1 million barrel increase reported by industry group.
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By GlobalDataStockpiles at the key delivery point, Cushing, Oklahoma, fell 785,000 barrels, with gasoline and distillate inventories also experiencing declines.
