Oil prices retreat as Fed warns of global risks
Oil prices retreated, halting a three-day rally, after a surprise rise in U.S. crude inventories and as the Federal Reserve underscored the dangers of a global hike. U.S. crude futures were trading 0.22% lower at $70.76 a barrel, while the Brent contract was back 0.22% at $76.56. Benchmarks posted gains in the first three days of …