Oil declines for the fourth day in a row due to expectations of a US interest rate hike
Oil prices fell for the fourth consecutive session during these moments of trading, today, Thursday, after the minutes of the US Federal Reserve meeting revealed discussions regarding further tightening of interest rates if inflation remains stable, a step that may harm demand for oil.
Minutes from the Federal Reserve's latest policy meeting released on Wednesday showed that the US central bank's response to flat inflation will mean holding interest rates for now but also reflects discussion of the possibility of further increases.
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