Oil edges lower ahead of Fed meeting

Oil edges lower ahead of Fed meeting

Oil prices edged lower Tuesday as a stronger dollar cooled the money flow into energy markets that has propped up crude prices for months.

Since oil is largely bought and sold in dollars, investors holding stronger currencies can buy more crude for less.

The Federal Reserve begins a two-day policy meeting on interest rates on Tuesday where it will discuss whether it is too soon to tighten U.S. monetary policy.

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