Brent crude oil & WTI continuing their downward slide

Oil prices are continuing their downward slide today, as markets brace for the outcome of the U.S. Federal Reserve meeting this afternoon. Analysts anticipate an upward revision to GDP growth forecasts in response to the slump in oil prices, and expect the Fed to signal that a rate hike is likely in mid-2015. Brent crude is still below the key $60 mark, down 0.7% at $59.62 a barrel. WTI is down 1.2% at $55.24.