Worries over the next rate hike superseded joy over the four-day rally in crude oil, sending stocks into the red and away from their record highs. The chances of a September rate hike rose after hawkish commentary from the New York and Atlanta Federal Reserve presidents. Oil prices settled at a one-month high on hopes over an output freeze among OPEC members when they meet in September. The crude rally brought the energy sector big gains with major producers Shell, Total and BP all in the green.
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