The Federal Reserve announced it would cut its stimulus by US$10 billion to US$75 billion a month from January. New York's main contract, West Texas Intermediate (WTI) for January delivery, dipped to US$97.6, while Brent North Sea crude for February eased to US$109.3. Oil prices eased in Asian trade on news that the US Federal Reserve plans to start to scale back its bond-buying program next month, as the economy shows signs of strengthening.
20-Dec-13 
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