WTI Crude Trades Near Three-Day Low Before Fed Meeting
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West Texas Intermediate traded near its lowest closing level in three days as traders assessed an unexpected drop in U.S. durable goods orders before a meeting of the Federal Reserve. Brent fell in London.
Futures were little changed in New York. Bookings for goods meant to last at least three years decreased 1.3 percent after falling 18.3 percent in August, a Commerce Department report showed today in Washington. Fed policy makers begin a two-day meeting today after six weeks of volatility in global financial markets.