Crude Oil Falls as Federal Reserve Maintains Record Stimulus

Crude oil dropped after the Federal Reserve said it would retain its plan to buy $600 billion of Treasuries by June, strengthening the dollar.

Futures fell 0.4 percent as the Open Market Committee said today that it would maintain the program because the economic recovery is insufficient to bring down unemployment. An Energy Department report tomorrow may show that oil supplies dropped last week, according to a Bloomberg News survey.