Oil’s Run of Gains Cools With Focus on US Stockpiles, Fed Move

Oil eased after a three-session advance as traders assessed fresh US stockpile data and awaited a Federal Reserve interest-rate decision later Wednesday. West Texas Intermediate hovered around $64 a barrel after gaining 3.4% in the previous three sessions. The commodity slid as traders discounted the most recent US stockpile data, which showed crude inventories fell 9.29 million barrels amid a sizable increase in exports. However, the adjustment factor ballooned and distillate inventories rose to the hig ...