SINGAPORE: Oil prices fell in Asia on Wednesday as dealers await the outcome of a US Federal Reserve meeting and the release of a US supply report expected to show a surge in crude stockpiles, analysts said.
US benchmark West Texas Intermediate for March delivery fell 75 cents to USD 45.48 while Brent for March eased 60 cents to USD 49.00 in mid-morning trade.
The Fed is expected to release a post-meeting statement later today following the first gathering this year of its policy-making Federal Open Market Committee.
