Oil slips 2% from highs ahead of Fed decision
Oil prices fell on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve’s interest rate policy announcement later in the day. Brent crude futures for May were down $1.39, or 1.59%, at $85.99 a barrel by 12:05 p.m. EDT (1605 GMT) . U.S. West Texas Intermediate futures for April delivery , which expire on Wednesday’s settlement, fell $1.80, or 2.16%, to $81.67. The more active May WTI contract was at $81.22 a barrel, down $1.51 or 1.83%. Brent had settled at its ...
Read More »