Oil prices fall for fourth straight day as US rate hike prospects emerge
Written by Black Hot Fire Network on May 23, 2024
(Reuters) -Oil prices eased for a fourth straight session on Thursday after the minutes of a U.S. Federal Reserve meeting revealed discussions of a further tightening of interest rates if inflation remained sticky, a move that could hurt oil demand.
Brent crude futures fell 46 cents, or 0.6%, to $81.44 a barrel at 0424 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 54 cents, or 0.7%, at $77.03. Both benchmarks fell more than 1% on Wednesday.
Minutes released on Wednesday from the Federal Reserve's last policy . . .
