Oil prices settled mostly flat for the day in a choppy session as Russia relaxed its fuel ban and investors eyed elevated interest rates. Fed officials not only indicated another rate hike before year end but also indicated rates could stay higher for longer which would crimp oil demand. The news was enough to snap oils 3-week win streak and OPEC+ extended production cuts. “The market may be still wrestling with the Fed keeping interest rates higher for a longer period of time, which can impact the demand side of the equation,” said Andrew Lipow, president of Lipow Oil Associates. Russia approved changes to its fuel export ban, lifting restrictions for fuel used as bunkering for some vessels and diesel with high sulfur content, a government document showed on Monday. Brent traded up $.02 to close at $93.29. WTI traded down $.35 to close at $89.68.