via FXstreet.com by anna@trading-online-help.com (Master The Markets) on 8/12/09
Whilst most markets remained relatively quiet yesterday ahead of today's FOMC interest rate decision and statement daily oil prices reacted to a number of bearish fundamentals which saw WTI prices fall $1.15 to $69.45 and the ICE September Brent price fall by $1.04 to $72.46 a barrel. These included some cautious comments from OPEC which warned that current prices could only be sustained on "clearer signs of improvement in the global economy". In addition OPEC stressed
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