OIL: Crude slips on surprise inventory gains
SINGAPORE, Sept 22 (Reuters) - Oil fell on Wednesday for a sixth session in seven after an industry report showed surprise gains in U.S. inventories, while the Federal Reserve stopped short of laying out a timetable for more economic stimulus.
The outlook for oil demand remained sluggish after the U.S. central bank's policy-setting panel opened the door wider to pumping hundreds of billions of new dollars into the economy, although it made no policy shift at the end of a Tuesday meeting, keeping overnight interest rates near zero.
COMMODITY MARKETS: Some markets see profit taking after Fed
NEW YORK, Sept 21 (Reuters) - Investors took profits in some commodities on Tuesday, selling oil, copper and grains futures after the U.S. Federal Reserve left near-term monetary policy unchanged as expected.
"I think the gold bulls really got what they wanted from this Fed policy statement," said Bill O'Neill, partner at LOGIC Advisors in Upper Saddle River, New Jersey.
GLOBAL MARKETS: Dollar, US yields fall on Fed easing view
HONG KONG, Sept 22 (Reuters) - The U.S. dollar and Treasury yields fell on Wednesday in the wake of the Federal Reserve's move closer to buying more bonds to support the economy, a prospect that kept gold near record highs.
"We continue to expect that a sizable asset purchase program will be implemented in coming months," economists at Goldman Sachs said in a note.
Dollar weak as Fed in view; euro bond sales ok
LONDON, Sept 21 (Reuters) - World stocks ticked upwards and the dollar fell broadly as investors braced for a Federal Reserve meeting that may discuss whether the fragile U.S. economy needs a fresh infusion of cash.
"The statement might be quite dovish, which could intensify speculation of more QE later in the year," said Niels Christensen, currency strategist at Nordea in Copenhagen.
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