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Oil prices fall on worries of higher US interest rates
Oil prices eased for a fourth straight day on Thursday on worries that U.S. borrowing costs could be hiked again if inflation surged, a move that could hurt oil demand. Brent crude futures fell 27 cents, or 0.3 per cent, to $81.63 a barrel at 0004 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 35 cents, or 0.5 per cent, at $77.14. Both benchmarks fell more than 1 per cent on Wednesday. Minutes released on Wednesday from the Federal Reserve's last policy meeting showed the U.S. central bank's response to sticky inflation would "involve maintaining" its policy rate for now but also reflected discussion ... (full story)