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Oil prices lower on FOMC minutes

The latest FOMC meeting minutes put a bit of a damper on the fiscal cliff rally as most risk asset markets are flat to lower with the oil complex falling modestly. Yesterday's release of the US Fed FOMC minutes from its last meeting indicated that there was some disagreement among members as to when the massive money printing or quantitative easing should end. Some members would like to slow or end the program before the end of 2013. This has put a bit of a negative tone over the commodity markets as an end to the $85 billion dollar per month of easing would certainly reduce the risk of inflation and thus a negative for higher oil and commodity prices.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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