Commodity Capsule: Brent crude oil slips; gold dips; base metals fall | Watch video
Commodity Capsule: Oil falls as rate hike expectations offset US stock draw
Commodity Capsule: Oil prices fell on Thursday, after posting the largest fall in a month last session, as US interest rate hike expectations offset the impact of drawdowns in US crude stockpiles.
Both crude oil benchmarks have dipped to the lowest since September 14.
US Federal Reserve maintained interest rates after its Federal Open Market Committee meeting but stiffened its hawkish stance with a rate increase projected by year-end.
A hawkish stance led to the US dollar surging to its highest since early March, placing downside pressure on oil prices.
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