Crude oil little changed as Fed concludes stimulus programs
ecPulse
2014-10-30 14:10PM UTC
Oil prices fell slightly in Asia on Wednesday as the U.S. Federal Reserve decided to keep the interest rate unchanged and end its quantitative easing program yesterday. Unlike the sharp impact of the Fed`s decision on gold prices, oil was little changed following the withdrawal of stimulus programs, while major currencies deteriorated as the dollar rose strongly after the Fed’s decision. Meanwhile, oil futures are trading sideways between $80 and $82 a barrel after reaching oversold areas.
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