New York—NYMEX January crude settled 26 cents lower at $97.22/barrel Tuesday, with the rest of the complex mixed as investors pause ahead of the US Federal Reserve’s policy-making meeting this week. The meeting of the Federal Open Market Committee on Tuesday and Wednesday could end with a plan by the Fed to taper its $85 billion per month asset purchasing program, which analysts say could weigh on crude futures. The move to trim the stimulus program could boost the US dollar and in return weigh on dollar-denominated commodities.
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