World oil prices were moderately declining on Friday morning amid continuing negative market sentiment caused by a number of fundamental factors. The current price of Brent oil is $74.40 per barrel. North American WTI crude is trading near $70.67. Analysts continue to analyze the results of the recent meeting of the US Federal Reserve System, at which the regulator lowered the discount rate by 0.5 percentage points for the first time since 2020, to 4.75-5% per annum. Experts are trying to understand how these measures can affect global markets, including raw materials. «It is still unclear whether the decision of the US Federal Reserve will reduce the risks of falling oil prices from a macroeconomic perspective. Fundamental factors remain bearish, and the market should exercise caution, given the continuing risks, which are still inclined to decline,» experts comment on the situation.
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