Oil Prices Slide Below $70 - Wall Street Journal

BY BRIAN BASKIN NEW YORK – Crude-oil futures settled lower Monday ahead of a Federal Reserve meeting seen potentially signaling a retreat from efforts over the last year to prop up the economy.

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Light, sweet crude for October delivery settled $2.33, or 3.2%, lower at $69.71 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled $2.63, or 3.7%, lower at $68.69 a barrel. The week ahead is full of major events with the potential to shake expectations about the economic recovery that's been driving trading in many markets, including oil. The Federal Reserve's policy body is ...

Full Story: Oil Prices Slide Below $70 - Wall Street Journal