Oil prices fell on Tuesday in anticipation of central banks in the United States, Britain and the European Union raising interest rates to curb inflation.
Brent crude futures fell by $1, or 1.2 percent, to $81.73 a barrel, and US West Texas Intermediate crude fell 77 cents to $77.99 a barrel, after both crude futures rose by more than one percent on Monday.
The Federal Reserve (the US central bank), the Bank of England and the European Central Bank are expected to raise interest rates at the Monetary Policy Committee meetings during the first week of May.
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