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Oil dips after U.S. warns on health of global economy

Reuters  |  LONDON 

By Karolin SchapsLONDON (Reuters) - Oil prices edged lower on Friday after the U.S. central bank warned on the health of the global economy and bearish signs persisted that the world's biggest crude producers would keep pumping at high levels to maintain market share.The Federal Reserve decided against raising interest rates from historic lows on Thursday, saying uncertainty about global economic growth had forced its hand.The oil market had mixed reactions to the decision, with concerns about economic weakness sending commodities and equities lower, but a fall in the dollar against other ...

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First Published: Fri, September 18 2015. 17:02 IST