Oil prices fall ahead of more central bank steers on interest rates

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By Laura Sanicola (Reuters) - Oil prices fell in early Asian trade on Thursday after falling by the most in a month in the previous session on U.S.

Protests and counter-protests | SaltWire - Oil prices fell in early Asian trade on Thursday after falling by the most in a month in the previous session on U.S. interest rate hike expectations, and ahead of a steer from other central banks on their rate outlooks.

The U.S. Federal Reserve left interest rates unchanged on Thursday, but stiffened its hawkish stance with a further rate increase projected by the end of the year, which could dampen economic growth and fuel demand. On Thursday, the central banks of Indonesia, the Philippines and Taiwan are widely expected to keep key lending rates on hold, so investors will be looking to policy statements for clues on future moves.

 

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