Oil prices fall to near $92 a barrel

[Yo_Mama]

7. It's because of the release of the FOMC minutes for December

In December the Fed said it was going to buy MBS and Treasuries at the rate of 85 billion a month until the longer term inflation forecast rose to 2.5% or the unemployment rate dropped to 6.5%. Based on their economic projections, that would have implied the program would have lasted at least until the middle of 2014.

When the minutes were released, it turned out that over half the participants thought the asset buying at that level should end by the middle of 2013, so the market is in shock.

The truth is that commodity prices are being heavily inflated by the Fed's actions, and when the market is threatened that the spigot may be turned off, they start running for the exit.