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Oil falls 2% on rate hike expectations, stronger US dollar

NEW YORK: Oil prices fell by more than $1 a barrel on Tuesday after five days of gains, as comments from US Federal Reserve Chair Jerome Powell stoked rate hike fears, the dollar strengthened and top crude importer China issued weak data. Brent crude futures shed $1.46, or 1.7 percent, to $84.72 a barrel by 11:06 a.m. EST (1606 GMT). US West Texas Intermediate crude dropped by
United States Jerome Powell Vivek Dhar Commonwealth Bank Reserve Chair Jerome Powell Texas Intermediate

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