Oil falls more than $2 on banking concerns, likely Fed rate hike

Oil falls more than $2 on banking concerns, likely Fed rate hike

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Oil prices fell on Monday to their lowest in 15 months on concerns risks in the global banking sector may cause a recession that would lead fuel demand to decline and ahead of a potential hike in U.S. interest rates this week. futures for May settlement fell $2.32, or 3.2%, to $70.65 a barrel at…

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