Oil Eases as Investors Eye Fed Rate Cuts
Singapore, 16 Dec (ONA) --- Oil futures today eased from their highest
levels in weeks as investors awaited a meeting of the Federal Reserve
for indication of further rate cuts.
Brent crude futures fell 21 cents, or 0.3%, to $74.28 a barrel.
US West Texas Intermediate crude dropped 30 cents, or 0.4%, to $70.99
a barrel.
The Fed is expected to cut interest rates by a quarter of a
percentage point at its 17-18 ...