Oil’s rally cools as tight crude market vies with hawkish U.S. Fed

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Oil Set for Weekly Loss as Hawkish Fed Overshadows Tight Market(Bloomberg) -- Oil headed for its first weekly loss in four after the Federal Reserve flagged a further rise in US interest rates this year, damping appetite for risk assets and overshadowing physical tightness in the crude market.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid Tensions‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsWall Street Trading Roiled by ‘Post-Fed Hangover’: Markets W
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Oil Set for Weekly Loss as Hawkish Fed Overshadows Tight MarketOil headed for its first weekly loss in four after the Federal Reserve flagged a further rise in US interest rates this year, damping appetite for risk assets and overshadowing physical tightness in the crude market.
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