Reuters: Oil falls towards $118 from record-peak as eyes on Fed

[chris]

Oil falls towards $118 from record-peak as eyes on Fed
      

PERTH (Reuters) - Oil eased towards $118 on Tuesday as focus turned to the dollar, after hitting a record a day ago on supply snags in Nigeria and Britain that have combined to shut nearly 2 million barrels per day (bpd) of Atlantic Basin output.
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