Crude Oil Recovered on USD Weakness, Inventory Declined

The Fed hiked interest rate as widely expected. However, the accompanying statement and the economic projections suggested that the future rate hike path might not be as hawkish as some had anticipated. This resulted in the decline in US dollar and Treasury yields after the announcement. US 2-year yields dropped -8 points to 1.308% whilst 10-year yields plunged -10 points to 2.50%.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/crude-oil-recovered-on-usd-weakness-inventory-declined-2017031634386/