Oil Retreated on Profit-Taking; Market Holds Breath as FOMC Announcement Approaches

Posted December 13th, 2017 by LeonardoSchweitz and filed in General News

Oil prices retreated on profit-taking, after Brent crude prices soared to the highest level in more than 2 years. The decline was contained after a report showing US inventory slumped last week. For the first time in 4 days, the front-month Brent crude contract fell -2.09%, settling at 63.34, at close. The corresponding WTI contract dropped -1.47% for the day. Base metals were mixed.

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Oil Retreated on Profit-Taking; Market Holds Breath as FOMC Announcement Approaches

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