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Interest rate impact on the US cools oil prices

World oil prices fell this week by almost US$3 per barrel from last Thursday’s US$57-plus record amid rising United States crude inventories and signs that higher US interest rates may slow that country’s economic growth and fuel use.

Interest rate impact on the US cools oil prices

After earlier staying above US$57, crude fell more than US$2 per barrel on Wednesday as the US Energy Information Administration reported US oil stockpiles gaining 4.1 million barrels to a total of 309.3...

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