FXstreet.com (Córdoba) - Oil prices advanced modestly on Wednesday following the first gain in 3 days on Tuesday as market sentiment improved after the Fed said it will keep low rates for at least 2 years and it will do whatever necessary to boost the US economy.
Crude for September delivery rose to $82.90 a barrel and last quoted at $82.30/bbl, 0.49% above its opening price. It had fallen to a 10-month low of $75.67 during Tuesday's Asian session. Brent for September delivery is 1% higher at $105.90 a barrel.
At 14:30GMT the Energy Department will publish a report on US crude stockpiles, with expectations pointing to a 1.7 million increase in the week ended Aug 5.
