Crude Plunged over -4% as Fed's Rate Hike Approaches and Inventory Builds

Crude oil prices slumped as dragged by both macroeconomic and fundamental forces. While Fed Chair Janet Yellen's rate-hike affirming comments raised concerns over growth slowdown, the unexpected increase in crude inventory added to oversupply worries ahead of OPEC's general meeting this Friday.

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Crude Plunged over -4% as Fed's Rate Hike Approaches and Inventory Builds