Oil prices fall 1% on uncertainty over global outlook, rate hikes
By Florence Tan and Mohi Narayan (Reuters) -Oil prices fell more than 1% on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 91 cents, or 1.11%, to $80.75 a barrel by 0627 GMT, while U.S. West Texas Intermediate crude was at $76.96 a barrel, also down 91 […]