Oil prices fell on Monday after closing the previous session at their lowest levels since March on renewed oversupply concerns from the United States and Iraq, although a weaker dollar helped to limit deeper losses. Investors are looking to the U.S. Federal Reserve for direction this week. The central bank starts a two-day policy meeting on Tuesday that could result in a September interest rate hike that would strengthen the greenback. “The markets are looking for price guidance from Janet & Co,” said Ben Le Brun, market analyst at Sydney’s OptionsXpress, referring to Fed Chair Janet Yellen and the bank. “There is scope for the dollar bulls to be disappointed this week (which) might be a driver for oil prices and the commodities complex overall,” Le Brun said. A weaker dollar makes dollar-denominated commodities, including oil, […]