“We would expect a status-quo announcement from the Fed with an acknowledgement that the outlook has improved slightly,” said Guy Wolf at commodities broker Marex Spectron Group Ltd., in a Bloomberg News report. “The U.S. economy is clearly strong, but the employment numbers are not so good that a Fed exit is imminent.”
The January nonfarm payrolls report will cross on Friday. Oil prices were trading at the highest level in over four months on Wednesday, according to Bloomberg.
U.S. Oil Fund
