Oil falls on fuel demand worries ahead of US Fed comments

LONDON: Oil prices fell on Wednesday as concerns about fuel demand were stoked by expectations minutes of the US Federal Reserve’s most recent policy meeting due later in the day would indicate a need for higher interest rates.

Brent crude futures for April delivery were down 79 cents, or 0.95 percent, to $82.26 a barrel at 1452 GMT. West Texas Intermediate crude futures for April dropped by 68 cents, or 0.89 percent, to $75.68 a barrel.