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Oil prices fall on fear of high US interest rates depressing demand May 20, 2024 9:34 PM Oil prices fell in early Asia trade on Tuesday, with investors anticipating lingering U.S. inflation and higher interest rates to depress consumer and industrial demand. Brent crude futures fell 44 cents, or 0.53%, to $83.27 a barrel by 0313 GMT. U.S. West Texas Intermediate crude (WTI) slipped 51 cents, or 0.64%, to $79.29 a barrel. [Read more]
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