While you were sleeping: Oil burns investors

Mon, 14 Dec 2015

By Margreet Dietz Dec. 15 (BusinessDesk) - Equities slid with the price of oil as investors awaited the result of the US Federal Reserve two-day meeting starting on Tuesday. The Federal Open Market Committee is widely expected to announce its first interest rate increase since 2006 on Wednesday, and investors will eye a press conference by Chair Janet Yellen at the end of the meeting to gauge the Fed’s view on further increases. Oil slid further, with Brent crude down 4 percent and US West Texas Intermediate nearly 3 percent at midda...

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