Market Insider

Oil has world markets over a barrel as Fed meet looms

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Oil hits a fresh five-year low: What's next?

Oil could have markets over a barrel as the Fed meets in the week ahead.

The central bank is widely expected to signal it is on a course toward raising rates next year by changing the language in its statement to reflect that. It may also give a nod to low inflation and markets are on the lookout for any change in its economic forecasts.

But oil's decline, which has gripped financial markets with its ferocity, could continue to take center stage as investors weigh whether the benefits of cheaper crude prices outweigh the pain for producers and the industries that support them.