Oil edges lower on US demand concerns ahead of Fed interest rate decision
NEW YORK (Reuters) – Oil prices eased on Wednesday after data showed an increase in U.S. diesel stockpiles, stoking worries about demand, as investors awaited the U.S. Federal Reserve’s decision on interest rates.
Brent crude futures lost 44 cents, or 0.64%, to $68.03 a barrel by 11:29 a.m. EDT (1529 GMT) while U.S. West Texas Intermediate crude futures were also down 44 cents, or 0.68%, at $64.08.
