COMMODITIES: Crude Oil Futures Lower, Pressured by Potential for Fed to Unwind Stimulus

By Staff,

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Crude oil futures are under pressure today amid concerns that the Fed may start to scale back its stimulus programs.

This follows last Friday's article in The Wall Street Journal claiming that Fed officials have mapped out a strategy for winding down the stimulus. It also comes as positive economic data released today, namely retail sales, added more evidence that the U.S. economy is improving. As the economy improves the Fed has promised to scale back its stimulus.

Crude oil for June delivery was last down 0.72% at $95.35 a barrel.

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This article appears in: Investing Commodities
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