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Oil prices ease from three-month highs on expected rise in U.S. crude stockpiles. Tighter global supply and China's economic stimulus offer some support. Brent crude futures down 0.4% at USD 83.32, WTI crude at USD 79.35. Market in tug-of-war between supply concerns and economic slowdown fears. Fed's rate hike decision awaited.
"The market turned around on renewed worries about further rate hikes in the U.S. and Europe, which will reduce global oil demand," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities.
Bonds issued by Adani Ports & Special Economic Zone Limited dropped the most in global secondary trading on Wednesday.
JPMorgan Chase & Co. is working with KPMG to improve how the U.S. bank supervises its traders.
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