Oil may feel Brunt of Negative U.S. Data

Benchmark U.S. crude prices may record their fourth weekly loss as negative economic data hurts fuel demand, according to CNBC’s latest market survey of traders, analysts and strategists.

Many poll respondents doubted that the Federal Reserve’s two-day policy meeting this week will help lift prices dramatically because oil markets were now more attuned to bearish supply fundamentals, particularly within the U.S.

The Fed is expected to keep its monetary stimulus program in place when it meets on Tuesday and Wednesday.


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