(MENAFN- ProactiveInvestors)
West Texas Intermediate oil futures settled higher overnight as a drop in the U.S. dollar following the Federal Reserve's policy statement outstripped earlier pressure from a 10th straight weekly rise in U.S. crude inventories.
West Texas Intermediate for April delivery jumped 2.8% for the session to settle at US$44.66 a barrel on the New York Mercantile Exchange.
Prices were trading around US$42.60 before the Fed news.
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