Oil Futures Slide Further After FOMC Minutes
February 21 2018 - 10:59PM
Dow Jones News
By Biman Mukherji
--The selling in oil futures after the release of U.S. central
bankers' latest meeting minutes built in Asia on Thursday.
--April light, sweet crude on the New York Mercantile Exchange
was recently down 1.1% at $61.03 a barrel in the Globex trading
session. April Brent fell 0.8% to $64.90.
--Oil fell with equities late Wednesday, a decline which
continued after the U.S. settlement time, as a risk-off sentiment
hung over markets on fresh concerns about rising interest
rates.
--Prices didn't react positively to an industry-group reading
ahead of Asian trading that U.S. oil inventories fell slightly last
week. A modest increase is anticipated in the government's Thursday
report.
Write to Biman Mukherji at biman.mukherji@wsj.com
(END) Dow Jones Newswires
February 21, 2018 23:44 ET (04:44 GMT)
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