Oil dropped as the dollar strengthened and investors turned their attention to a Federal Reserve meeting this week that’s expected to signal moving toward scaling back stimulus.
Futures in New York fell 0.8% toward $71 a barrel. The dollar rose for a third day, making commodities priced in the currency such as oil less attractive to investors. Policy makers are poised to start laying the groundwork for reducing monthly asset purchases when the Fed meets for two days from Tuesday, a Bloomberg survey of economists showed.
"Market" - Google News
September 20, 2021 at 05:54AM
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Latest Oil Market News and Analysis for Sept. 20, 2021 - Bloomberg
"Market" - Google News
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