Oil prices dip as Fed holds rate at zero

US benchmark West Texas Intermediate for October delivery slipped 25 cents to $46.90 a barrel on the New York Mercantile ExchangeWorld oil prices dipped Thursday as traders weighed a Federal Reserve decision to keep its benchmark interest rate at zero, citing worries about global growth. US benchmark West Texas Intermediate for October delivery slipped 25 cents to $46.90 a barrel on the New York Mercantile Exchange. The Fed, following a two-day policy meeting, left its federal funds rate unchanged at zero-0.25 percent, opting against the first increase in nine years.

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