Oil prices fall for fourth straight day as US rate hike prospects emerge

Tokyo, May 23 (BNA): Oil prices eased for a fourth straight session on Thursday after the minutes of a U.S. Federal Reserve meeting revealed discussions of a further tightening of interest rates if inflation remained sticky, a move that could hurt oil demand.


Brent crude futures fell 20 cents, or 0.2%, to $81.70 a barrel at 0651 GMT. U.S., Reuters reported.


West Texas Intermediate crude (WTI) futures were down 29 cents, or 0.4%, at $77.28. Both benchmarks fell more than 1% on Wednesday.


M.I.







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