Oil prices slide on Fed rate hike expectations, weaker China PMI

TOKYO  – Oil prices fell on Monday as jitters over the prospect of the U.S. Federal Reserve raising interest rates combined with weaker Chinese manufacturing data to erase earlier gains. Brent futures for July delivery were down 55 cents, or 0.7 percent, at $79.78 a barrel at 0009 GMT, while U.S. West Texas Intermediate (WTI) crude lost … Continue reading Oil prices slide on Fed rate hike expectations, weaker China PMI