Wed, 21 Aug 2013 09:46:31 GMT
Oil falls on Fed minutes, despite drop in U.S. inventories
WTI declined for the second day in a row, while Brent has decreased for three, as investors await for the signals from the Federal Reserve on bond purchase tapering. WTI futures dropped 0.49% to $104.6 per barrel and the European benchmark Brent oil plummeted 0.61% to $109.46 per barrel. Gasoline supplies dropped by 3.7 million barrels and Distillate stockpiles decreased