Oil rises toward US$94 as tightening market vies with hawkish U.S. Fed

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​Oil edged higher toward US$94 a barrel, capping a tumultuous week that saw the Federal Reserve flagging a further rise in U.S. interest rates this year and Russia ban diesel exports.

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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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