OIL FUTURES: Crude Futures Pause Ahead Of DOE Data, Fed Rate - Wall Street Journal

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LONDON (Dow Jones)--Crude futures edged lower Wednesday, but price movement was confined to a narrow range ahead the release of U.S. Department of Energy stockpile data.

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Market participants are also expected to keep the dollar firmly in their sights, as the U.S. Federal Reserve brings its two-day meeting to a conclusion with an interest rate decision later Wednesday. "We are just going to be in a very narrow range until the DOE data today," said Andrey Kryuchenkov, vice president of commodities research at VTB Capital in London. "The Fed meeting tonight could lend volatility to the currency market and affect ...

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