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MW: Oil trades under $103 a barrel in wake of Fed
 
By Claudia Assis
SAN FRANCISCO (MarketWatch) -- Crude-oil futures added to losses Wednesday ahead of a weekly inventories report. Crude for May delivery CLK2 -1.27% declined $1.15, or 1.2%, to trade at $102.86 a barrel on the New York Mercantile Exchange. Crude's selloff tracked sharp downward moves for gold and U.S. equities in the wake of U.S. Federal Reserve minutes from the latest rate-setting meeting. Fed officials were not keen on any more rounds of large-scale bond purchasing, curbing investment demand for commodities. The Energy Information Administration is expected to release its inventories data later Wednesday.
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