Oil falls on U.S. supply build, expected Fed rate hike

By hellenicshippingnews Oil fell on Wednesday on fresh evidence of growing global oversupply and as investors awaited the outcome of a U.S. Federal Reserve meeting where interest rates are likely to be raised, boosting the dollar and pressuring commodities. Brent LCOc1 was down 85 cents at $37.60 as of 1229 GMT. On Tuesday the contract […]

Published December 16, 2015

By LizOutLoud

By hellenicshippingnews Oil fell on Wednesday on fresh evidence of growing global oversupply and as investors awaited the outcome of a U.S. Federal Reserve meeting where interest rates are likely to be raised, boosting the dollar and pressuring commodities. Brent LCOc1 was down 85 cents at $37.60 as of 1229 GMT. On Tuesday the contract closed up ... Read full story ›

Source:: Hellenic shipping news Oil

      

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