Oil prices fall as investors weigh Fed chair comments, rate hike

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Oil prices fall as investors weigh Fed chair comments, rate hike
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Oil prices fell on Thursday following three sessions of gains, after U.S. Federal Reserve Chair Jerome Powell re-stated his commitment to curbing inflation, including the possibility of more interest rate rises.

with "significant" implications for an economy that U.S. central bank officials projected would slow even more this year than previously thought.not considered

The bank crises have caused volatile trade in riskier assets like oil over the last week as investors awaited the Fed's decision on rate hikes on Wednesday.

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