Oil Falls the Most in Three Weeks on Chinese Rate Speculation

Oil fell the most in more than three weeks on speculation China will raise interest rates, curbing demand growth in the world’s biggest energy-consuming country.

Futures slipped 3.3 percent after Chinese stocks tumbled on a report yesterday that showed consumer prices climbed 4.4 percent from a year earlier, the fastest pace since 2008. China’s central bank may increase rates within weeks, according to a Bloomberg News survey.