Oil falls as rate hike fears outweigh tighter U.S. stockpiles

Oil falls as rate hike fears outweigh tighter U.S. stockpiles

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NEW YORK — Oil fell by more than $1 a barrel on Thursday in choppy trade as the impact of tighter U.S. crude stocks due to a winter storm in the United States was outweighed by fears that Federal Reserve interest rate hikes and China’s rising COVID-19 cases would dent demand. We apologize, but…

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