The Federal Reserve raised interest rates on Wednesday, which weighed on riskier assets like stocks and commodities. Meanwhile, fears of slowing global growth and declining fuel consumption have added to weakness in the crude market. “That Fed performance put an exclamation on concern about demand,” said Bob Yawger, director of the futures division at Mizuho Securities USA. “Demand is starting to creep more and more into the picture here. It’s definitely part of almost every conversation at this point.” U.S. prices have plunged nearly 40% from highs reached in October, as oversupply concerns and a crumbling outlook on demand have prompted a steep selloff. Even after the Organization of the Petroleum Exporting Countries and its partners agreed to curb supply by a total 1.2 million barrels a day next year, prices have continued to slide. “With oil, people had to throw in the towel,” said Tariq Zahir, managing member […]