After a one-day meeting, the US Federal Reserve alsoacknowledged signs of strength in the economy and said recent financial marketstrains have eased, offering few clues on the chances for further monetaryeasing, Reuters reported.
"The Fed decision is supportive for the oil market,"John Kilduff, partner at Again Capital LLC, told the news wire.
"By not announcing further measures, for now,current conditions that have improved modestly and that have rallied energyprices off their October lows should continue to be the primary factor indetermining price direction," Kilduff added.
