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Oil falls more than $1 as Fed rate outlook stokes demand fears

HOUSTON :Oil prices fell more than 1 per cent on Tuesday as lingering U.S. inflation was poised to keep interest rates higher for longer, which could impact consumer demand at the pump.Brent crude futures fell by $1.16, or 1.4 per cent, to $82.55 a barrel by 11:45 a.m. ET (1545 GMT). U.S. West Texas Intermedi
United States Raphael Bostic Philip Jefferson Michael Barr Ali Khamenei Vandana Hari

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Oil down on inflation, gasoline demand weak ahead of US summer driving season

HOUSTON :Oil prices settled 1 per cent lower on Tuesday as lingering U.S. inflation poised to keep interest rates higher for longer and likely weighed on consumer demand at the pump, while little support came from geopolitical risk.Brent crude futures settled down 83 cents, or 1 per cent, to $82.88 a barrel.
United States Israel General Department Of Energy District Of Columbia Tim Snyder Ali Khamenei

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