Brent Recovers Modestly After Slipping On Fed Taper Expectations
November 13, 2013 at 07:05 AM EST
Brent crude oil reached above $106 on Wednesday morning and traded at $106.07 at 7:50 GMT. The commodity recovered slightly after speculation that the Federal Reserve could begin tapering its $85 billion per month stimulus plan in December weighed on oil prices. CNBC reported that Atlanta's Fed President Dennis Lockhart