Crude Futures Fall Despite Growing Tensions in Mideast

摘要

Brent crude oil futures touched a 10-week high of almost $107 a barrel on Monday as tensions in the Middle East rose, but prices finished slightly lower on the day after a late sell-off in US gasoline futures. US crude oil hit a nine-month high near $99/ bbl but also reversed direction to settle lower, with investors cautious ahead of the start of the US Federal Reserve's two-day policy committee meeting on Tuesday. The meeting may provide more clarity on when the central bank will reduce its stimulus program.