Oil Falls 2% As Markets Await Fed Rate Cut Signal

After rallying significantly earlier this week, oil prices plummeted by around 2% on Wednesday as markets awaited an interest rate policy announcement from the Federal Reserve before the closing bell.  At 12:55 p.m. ET on Wednesday, Brent crude was trading down 1.68% at $85.91, while WTI, the U.S. crude benchmark, was trading down 2.17% at $81.66. Later on Wednesday, the Federal Reserve will close out its two-day meeting, with analysts widely anticipating that interest rates will be held steady.  Those rates have been maintained…