¬†Oil fell by more than 1.5% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply worries limited the decline. Central banks around the world are certain to increase borrowing costs this week and there is some risk of a blowout 1 percentage point rise by the U.S. Federal Reserve. “The upcoming Fed meeting and the strong dollar are keeping a lid on prices,” said Tamas Varga of oil broker PVM. Brent crude for November delivery fell $1.49, or 1.6%, to $89.86 a barrel by 1002 GMT. U.S. West Texas Intermediate (WTI) for October dropped $1.57, or 1.8%, to $83.54. A British public holiday for the […]