Commodities Fell Across the Board as Market Awaits FOMC Meeting

Oil prices dropped for a second consecutive day, driven by lack of confidence over output control, mixed US data and caution ahead of FOMC meeting. Losses were, however, limited as US inventory increased less than expected. The front-month WIT crude contract initially fell to 35.96, the lowest level in almost 2 weeks, before settling at 36.34, down -2.26%.

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Commodities Fell Across the Board as Market Awaits FOMC Meeting