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Oil drops below $48 on Fed hike speculation, fading support from outages - Reuters
Reuters | Oil drops below $48 on Fed hike speculation, fading support from outages Reuters "The late sell-off we saw in the last half an hour of trading yesterday is being followed through this morning as hints from the Fed about a possible rate hike next month sent the dollar index soaring," said Tamas Varga of oil broker PVM. Oil and other ... Oil prices drop on dollar strength, rising inventories US oil closes 12 cents lower as Fed minutes send dollar higher Oil Erases Gains as Dollar Strengthens |
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