NYMEX crude drops on fed, crude stocks

摘要

New York—Crude futures settled sharplylower June 20, after the US Federal Reserveannounced no additional monetary easingprograms at the end of a two-day meeting inWashington and US government data showedan unexpected rise in crude stocks.NYMEX July crude futures settled down$2.23 at $81.80/b on the contract’s day ofexpiration, after slipping to an eight-month lowof $81.12/b ahead of the close.ICE August Brent settled down $3.07 at$92.69/b. Earlier, the contract lost more than$3 to $92.65/b—the front-month contract’slowest level since January 7, 2011.