Investing.com-- Oil prices fell in Asian trade on Thursday, pressured by persistent concerns over high for longer U.S. interest rates, while an unexpected build in inventories also raised concerns over less tight markets.
The minutes of the Fed’s late-April meeting showed waning confidence among policymakers that inflation was easing as expected, potentially necessitating high for longer interest rates. The minutes, along with the comments, boosted the dollar on Wednesday, which in turn pressured oil prices.
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