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Oil prices fall after Fed hike, but tighter market looms - Reuters
Reuters | Oil prices fall after Fed hike, but tighter market looms Reuters SINGAPORE Oil prices dropped on Thursday as a hike in U.S. interest rates drove money away from commodities and into U.S. bonds and the dollar, but a tighter fuel market looms in 2017 due to planned production cuts led by OPEC and Russia. U.S. West ... Oil Prices Extend Losses After Federal Reserve Raises Rates US crude settles down 3.7% at $51.04 on oversupply concern, stronger dollar after Fed rate hike Oil Spikes After EIA Reports Surprise Draw To Crude Inventories |
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