Oil dips as US Fed dampens mood on interest rate cuts
LONDON :Oil prices fell on Monday after a U.S. Federal Reserve official suggested inflation data in the world's biggest oil consumer was not sufficiently convincing to lower borrowing costs. Brent crude was down 50 cents, or 0.6 per cent, at $83.48 a barrel by 1321 GMT. The U.S. West Texas Intermediate (WTI)