Oil collapses in after-hours trade on API data

FXStreet (Bali) - Oil prices have seen a late US fall after API data showed a much higher than expected 14.3mn barrel build during last week.

WTI, in after hours trade, hit a low of $50.35/barrel after reaching highs of $54/bl earlier on the week. The front contract is now threatening to test the $50 mark.

Feb 19, 2015

Fed's Powell: Regulators should not 'lean against credit cycles'

Fed's Powell is crossing the wires, noting, via Reuters, that regulators should not 'lean against credit cycles' in absence of credible threats to financial core.

US Session recap: FOMC minutes dominate leaving door open to June

The US session was pretty subdued until he FOMC minutes were released allowing markets to dissect the verbiage and try to distinguish between hawkish and dovish language.