Oil prices slide ahead of inventory report, Fed decision

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Oil prices traded lower on Wednesday, on track for back-to-back losses, as investors awaited fresh U.S. inventory data, as well as an interest-rate decision from the Federal Reserve.

Price action

Market drivers

Crude-oil traders will receive a weekly update from the U.S. Energy Information Administration on supplies due at 10:30 a.m. Eastern Time on Wednesday.

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