Oil falls as rate hike expectations offset US stock draw


OIL prices fell in early Asian trade on Thursday, after posting the largest fall in a month in the previous session, as U.S. interest rate hike expectations offset the impact of drawdowns in U.S. crude stockpiles.

Brent futures for November delivery were down 67 cents, or 0.72%, to $92.86 a barrel by 0313 GMT. U.S. West Texas Intermediate crude (WTI) fell 71 cents, or 0.79%, to $88.95, the lowest since Sept. 14.

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Oil and gas , crude , Brent , WTI , Opec

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