Oil rises ahead of Fed meeting

New Delhi, Nov. 1 (BNA): Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this week including the U.S. Federal Reserve.


Brent January crude futures rose 0.3%, or 28 cents, to $85.30 a barrel by 0330 GMT, after falling more than 1% on Tuesday, according to Reuters.


Brent December futures settled 4 cents lower at $87.41 a barrel at the contract’s expiry on Tuesday.


U.S. West Texas Intermediate crude futures gained 0.2%, or 16 cents, to $81.02 a barrel after losing about 1.6% in the previous session.




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