LONDON — Oil fell on Monday as concern over the economic impact of the U.S. Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data outweighed support from new OPEC+ supply cuts taking effect this month. The Fed, which meets on May 2-3, is expected to increase interest rates by another 25 basis points. […]
Oil drops as US rate hike concern, weak China data offset OPEC+ cuts
byAnand Gupta
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