WTI Crude Drops to Lowest Level Since April 2009 After FOMC
Front-month WTI crude tumbles to least since April 2009, Brent drops to intraday low after Fed maintains pledge to be “ patient” on raising interest rates.
- FOMC also says timing of rate moves to depend on data
- Front-month WTI -$1.94 to $44.29/bbl at 223pm on Nymex, poised for lowest settlement since March 2009; intraday low $44.08
- Front-month Brent -$1.16 to $48.44/bbl on ICE; low $48.29
