Oil Falls on Fuel Demand Woes Ahead of US Fed Comments

Oil Falls on Fuel Demand Woes Ahead of US Fed Comments
Oil storage containers are seen, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, Calif., on April 7, 2021. Lucy Nicholson/Reuters
Reuters
Updated:
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LONDON—Oil prices fell for a third trading session on Wednesday as concerns about fuel demand were stoked by expectations that minutes due from the U.S. Federal Reserve will indicate a need to hike interest rates.

Brent crude futures for April delivery fell $1.13, or 1.36 percent, to $81.92 a barrel by 1025 GMT. West Texas Intermediate (WTI) crude futures for April dropped by $1.18, or 1.55 percent, to $75.18 a barrel.