OIL FUTURES: Crude tests two-week lows after Fed announces largest rate hike in 28 years

Crude oil futures settled near two-week lows June 15 as demand concerns came into focus following the largest US Federal Reserve interest rate hike in 28 years. NYMEX July WTI settled down $3.62 at $115.31/b and ICE August Brent declined $2.66 to $118.51/b. Crude futures traded sharply lower into the market settle after the Federal Open Market Committee announced a…