The Traderszone Network

Published in TZ Latest News 15 December, 2015 by The TZ Newswire Staff

U.S. crude dips for first time in three days as Fed decision looms

U.S. oil prices fell in Asian trade on Wednesday, snapping two days of gains that pulled crude back from testing 11-year lows, as investors awaited the outcome of a Federal Reserve meeting that will likely raise interest rates. West Texas Intermediate (CLc1) fell 50 cents to $36.85 a barrel by 0048 GMT (7.48 p.m. EDT) after rising more than $1 on Tuesday. The Federal Reserve on Tuesday started a two-day meeting where it is expected to raise rates eight years after a devastating recession opened an era of loose U.S. monetary policy.