Thursday, October 29, 2015

Oil prices flat in Asia before supplies report, Fed decision


 
SINGAPORE, Singapore—Oil prices barely moved in Asia Wednesday as investors waited for a report on US crude inventories and the conclusion of a Federal Reserve policy meeting hoping for an idea about its plans for interest rates.
Analysts expect the report by the US Energy Information Administration later Wednesday to show a rise in stockpiles for the week ending October 16.
A build in the inventories is typically interpreted as a sign of softer demand in the world’s top oil consuming nation and a dampener on prices.

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