US Crude Oil Edges Lower, Heating Demand Supports; Brent Firm

Financial markets were also nudged by a late-afternoon announcement from the Federal Open Market Committee confirming that it will trim its monetary stimulus by another $10 billion per month beginning in February to $65 billion.

Oil pared slight gains just after the 2 p.m. EST (1900 GMT)announcement and U.S. stocks accelerated their selloff, concerned that the Fed went ahead with the cut in the face of shaky emerging market economies.

(Additional reporting by Elizabeth Dilts in New York and Peg Mackey in London; Editing by Jason Neely and Marguerita Choy)

Copyright 2014 Thomson Reuters.


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