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Oil prices jump after Fed statement

Xinhua, April 28, 2016 Adjust font size:

Oil prices extended gains Wednesday as the U.S. Federal Reserve kept the target range for the federal funds rate unchanged.

The West Texas Intermediate for June delivery surged 1.29 U.S. dollars to settle at 50.15 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery increased 1.44 dollars to close at 47.18 dollars a barrel on the London ICE Future Exchange. Enditem