
Oil falls as US rate hike expectations offset tight supply outlook
Oil prices dipped Thursday after the greatest monthly decline in the previous session as U.S. interest rate hike forecasts countered crude storage drawdowns. By 0809 GMT, Brent November futures fell 97 cents, or 1.04%, to $92.56 a barrel. WTI slid 97 cents, or 1.08%, to $88.69, its lowest level since Sept. 14. Thursday’s trading saw... Read more