Oil falls 3.9% to $89.01; Williams: no urgency on rate hike, traders trim October bets

WTI crude fell 3.9% to $89.01 a barrel, Brent below $103. NY Fed's Williams said another rate hike this year may be appropriate but no urgency, prompting traders to cut October hike bets. Fed's Barr signaled further increases likely needed. Elevated energy costs remain an inflation concern.