Oil rises over 1% after Fed keeps rates unchanged

Singapore, Nov. 2 (BNA): Oil gained more than 1% on Thursday to snap its three-day decline, as risk appetite returned to financial markets after the U.S. Federal Reserve kept benchmark interest rates on hold.

 

Brent crude futures rose 89 cents, or 1.1%, to $85.52 a barrel, Reuters reported. 

 

While U.S. West Texas Intermediate crude futures advanced 91 cents, also 1.1%, to $81.35 a barrel.

 

W.M