Demand Doldrums: Oil prices extended its decline following indications of sluggish fuel demand, coupled with remarks from U.S. Federal Reserve officials that tempered expectations of interest rate reductions. This potential lack of rate cuts could impede economic growth and limit fuel demand in the world’s largest economy. Analysts predict that the Federal Reserve will maintain its current policy rate for an extended period, bolstering the strength of the dollar. A stronger dollar increases the cost of dollar-denominated oil for investors using other currencies. Additionally, oil prices declined because of weak ... (full story)