Urgent: Oil prices retreat before Fed meeting

0 Comment(s)Print E-mail Xinhua, June 18, 2013
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Oil prices retreated on Monday on speculations that the Federal Reserve may taper its stimulus program before the Federal Open Market Committee starts a two-day meeting Tuesday.

Light, sweet crude for July delivery lost 8 cents to settle at 97.77 dollars a barrel on the New York Mercantile Exchange. Endi

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