Subscribe now Oil prices fell on Wednesday as demand fears stemming from macroeconomic headwinds offset Saudi Arabia’s announcement that it will continue to cut crude output until the end of 2023.Brent crude oil futures were down 58c, or 0.64%, to $90.34 a barrel at 8.41am GMT, while West Texas Intermediate (WTI) fell 66c, or 0.74%, to $88.57.Both contracts traded more than $1 lower than Tuesday’s settlement price at their intraday low on Wednesday, with Brent falling to $89.83 a barrel, and WTI to $88.11.“Oil prices are resuming their decline amid concerns over high interest rates for...…Subscribe now Oil prices fell on Wednesday as demand fears stemming from macroeconomic headwinds offset Saudi Arabia’s announcement that it will continue to cut crude output until the end of 2023.Brent crude oil futures were down 58c, or 0.64%, to $90.34 a barrel at 8.41am GMT, while West Texas Intermediate (WTI) fell 66c, or 0.74%, to $88.57.Both contracts traded more than $1 lower than Tuesday’s settlement price at their intraday low on Wednesday, with Brent falling to $89.83 a barrel, and WTI to $88.11.“Oil prices are resuming their decline amid concerns over high interest rates for...WW…