Oil prices were lower today, swept down in a wider financial market rout. The Fed indicated it will raise interest rates further this year. “The talk around the campfire has suddenly become all about demand destruction in the face of a recession,” said Robert Yawger, director of energy futures at Mizuho. Heavy crude benchmarks have strengthened as the Canada-to-U.S. Keystone pipeline shutdown continues without a timetable for restart. While the outage is supportive for prices of heavier crude oil grades, it is “doing nothing” for lighter global benchmarks, said Matt Smith, lead oil analyst at Kpler. WTI traded down $1.82 or -2.4% to close at $74.29. Brent traded down $2.17 or -2.4% to close at $79.04