Oil prices dropped early on Monday as the U.S. dollar continues to strengthen ahead of the Fed’s much-anticipated policy meeting this week, which could announce the beginning of stimulus easing. As of 9:05 a.m. EDT, WTI Crude was losing 1.75% at $70.71 and Brent Crude prices were down 1.49% at $74.21. The oil market is down for a second consecutive day after Friday’s session settled in the red, as broader markets are anxiously watching whether the Federal Reserve will announce the start of asset purchase tapering at its meetings on…
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