Oil rally takes a breather ahead of Fed, ECB rate hikes
Brent crude futures dipped 31 cents, or 0.4%, to $80.76 a barrel by 0644 GMT. U.S. West Texas Intermediate crude was at $76.74 a barrel, down 33 cents, or 0.4%.
Investors have priced in quarter-point hikes from the Federal Reserve and European Central Bank this week so the focus will be on what Fed Chair Jerome Powell and ECB President Christine Lagarde say about future rate hikes.
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