Oil prices rose to a limited extent amid the continued state of caution ahead of the expected monetary policy decisions of the Federal Reserve (the US Central Bank) and other central banks.
Brent crude futures rose $2.13, or 3.2 percent, to $74.15 a barrel and US West Texas Intermediate crude rose $2.17, or 3.23 percent, to $69.29 a barrel.
The two benchmarks fell by about $3 a barrel, as analysts focused on global supply growth and demand concerns ahead of key inflation data and the two-day Fed meeting that ends on Wednesday.
Source (Al-Arabiya.net Website, Edited)
