Oil slips as dollar rises on possible rate hikes
Brent crude futures fall as US Federal Reserve projects likely rate hikes in 2023
18 June 2021 - 07:38
Melbourne — Oil prices fell for a second consecutive day on Friday as the US dollar soared on the prospect of interest rate hikes in the US, but were nevertheless on track to finish the week flat — only slightly off multiyear highs.
Brent crude futures were down 52c, or 0.7%, at $72.56 a barrel at 2.27am GMT, extending a 1.8% decline on Thursday...
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