Crude Oil Weaker amid Concerns over Fed Governor
Florencei28Crude oil prices ended the 6-day gain ahead of the FOMC minutes in which Fed officials might have signaled QE tapering to begin in September. The front-month contract for WTI crude oil slipped -0.34% while the Brent crude contract was down -0.45%. Gold failed to benefit from heightened speculations of stimulus reduction rising yields raised the cost of owning gold.
