Oil prices little changed as traders weigh US rate cut with worries over US economy

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NEW YORK : Oil prices were little changed on Thursday as traders weighed the start of looser monetary policy after the U.S. Federal Reserve cut interest rates against concerns about the U.S. economy. Brent crude futures rose 23 cents, or 0.3 per cent, to $68.18 a barrel at 10:50 a.m. EDT (1450 GMT), while U.S. West Texas Intermediate (WTI) crude rose 23 cents, or 0.4 per cent, to $64.28. The Fed cut its policy rate by a quarter of a percentage point on Wednesday and indicated it will steadily