Fed Dips Below $107 As FOMC Minutes' Release Approaches
August 21, 2013 at 07:13 AM EDT
Brent crude oil dipped below $110 on Wednesday as the release of the US Federal Reserve minutes drew nearer. The commodity traded at $109.65 at 7:27 GMT, reflecting investors' jitters about the Fed's decision to trim stimulus spending. The Fed's $85 billion per month stimulus spending has helped keep commodity markets