Oil Prices Slide On Fears Of Tighter Fed Policy

Oil prices fell by 2% early on Wednesday as the market frets about the potential tapering of the Fed's asset purchases that could slow growth and reduce appetite for riskier inflation-hedge assets such as crude futures. As of 7:47 a.m. EDT on Wednesday, ahead of the weekly EIA inventory report and before the Fed announcement, both Brent and WTI prices were trading down by 2%.WTI Crude was down 2.11% at $82.14 and Brent Crude traded down 1.89% at $83.10, as the market expects the Fed to announce later today the start of tapering of the asset purchase…