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Oil Falls on Concerns Expected Fed Hike Will Impact Fuel Demand

Senin, 25 Juli 2022 | 10:03 WIB
Oil Falls on Concerns Expected Fed Hike Will Impact Fuel Demand

ILUSTRASI. A pump jack is seen at sunrise near Bakersfield, California, October 14, 2014. REUTERS/Lucy Nicholson

Sumber: Reuters | Editor: Thomas Hadiwinata

KONTAN.CO.ID - TOKYO, July 25 (Reuters) - Oil fell on Monday, reversing earlier gains but continuing a recent losing streak, on concerns that an expected increase in interest rates in the U.S., the world's biggest oil user, may limit fuel demand growth.

Brent crude LCOc1 futures for September settlement dropped 48 cents, or 0.5%, to $102.72 a barrel at 0205 GMT, down for a fourth day.

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