Oil extends declines on rate hike concerns

Oil extends declines on rate hike concerns

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Oil prices fell for a second straight session on Wednesday, driven by fears that more aggressive U.S. interest rate hikes would hit demand, while the market awaited further clarity on inventories. futures dipped 22 cents, or 0.3%, to $83.07 per barrel by 0730 GMT. U.S. West Texas Intermediate…

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