Latest Business News: Oil Down Slightly as Fed Signal Easing of Stimulus

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Latest Business News: Oil Down Slightly as Fed Signal Easing of Stimulus

Latest Business News: Oil Down Slightly as Fed Signal Easing of Stimulus
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Latest Business News: Oil Down Slightly as Fed Signal Easing of Stimulus

Wochit 0:43 mins

The price of oil fell slightly as the Federal Reserve indicated it's closer to easing up on economy boosting measures that have been a boon for commodities. Financial markets shuddered after the Federal Reserve said it could start scaling back its huge bond-buying program later this year and end it by the middle of 2014. Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned.

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