Oil Slides as Dollar Strengthens After Fed’s Cautious Rate Cut
Prices fall even as U.S. crude stocks drop for seventh week
WTI crude futures decline as much as $1.15 to $57.43 a barrel
By Heesu Lee and Grant Smith
Oil retreated from a two-week high after the Federal Reservesaid its interest rate cut was an isolated move, boosting the dollar and dimming demand for commodities priced in the U.S. currency.