Oil falls more than 1% ahead of US Federal Reserve rate decision
Written by Black Hot Fire Network on June 12, 2023
June 12 (Reuters) - Oil prices declined on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and rising Russian crude supply weighed on the market.
Brent crude futures fell 97 cents, or 1.3%, to $73.82 a barrel . . .
