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Oil slips near multimonth highs as Asian stocks rise ahead of Fed decision

  • Oil prices declined while remaining near multimonth highs.
  • Asian stocks gained as investors awaited the Federal Reserve’s rate decision.
  • Crude prices fell Wednesday amid a strong dollar and elevated Treasury yields.

Oil prices declined but remained close to multimonth highs, while Asian stocks advanced as investors awaited the Federal Reserve’s rate decision. Wednesday’s drop in crude likely reflected technical repositioning, with the market also facing a strong dollar and elevated Treasury yields.

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