Oil futures fall sharply ahead of Fed meeting - MarketWatch

FRANKFURT (MarketWatch) -- Crude-oil futures fell below $81 a barrel Tuesday, as disappointing imports data reported by China weighed on sentiment ahead of the Federal Reserve's monetary-policy statement that will command the attention of financial markets.

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BP's Tests show the cement plug is working and the seal is holding on its troubled well in the Gulf of Mexico. Video courtesy of Fox News. "Apart from a firmer U.S. dollar, the import data from China published during the night put a strain on the price," said Commerzbank analysts.

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China's trade surplus for July soared to $28.7 billion, data showed, as imports rose 22.7% -- a bigger-than-expected slowdown in import growth.

Oil futures fall sharply ahead of Fed meeting - MarketWatch