Oil prices are unchanged as the market awaits decisions from the Federal Reserve and OPEC.

Oil prices remained relatively unchanged as the market anticipates a meeting of OPEC and its allies, a Federal Reserve rate decision, and U.S. government data on oil and fuel stockpiles on Wednesday. Brent crude futures fell 11 cents, or 0.1%, to $85.35 a barrel at 0949 GMT. West Texas Intermedia...

US to release emergency oil from stockpiles

The United States is ready to announce a loan of crude oil from its emergency stockpile. The US has asked major Asian energy consumers to release crude oil from its reserve stockpile, and now this move is a part of that plan.

Highlights

• United States a...

Japan is considering releasing oil reserves

The Japanese government has already begun preparations to release part of its oil reserves, to counter rising oil prices. This action has been taken in response to the request made by the U.S. government.

Highlights

• Japanese government prepares to rele...