Wed, 20 Jun 2012 13:52:01 GMT
Crude oil fell ahead of Fed decision and supply report
Crude oil declined in European morning session on Wednesday as market participants await outcome of FOMC meeting due later in the day. Moreover, traders anticipate EIA report on US stockpiles also due later in the day. Light, sweet crude oil futures for July delivery traded at 83.59 US Dollars per barrel on the New York Mercantile Exchange, dropping by 0.45%.