At a glance: Oil rises on Fed stimulus plan
The price of oil rose Wednesday after the Federal Reserve made another big move to stimulate the slow-growing U.S. economy.
On the New York Mercantile Exchange:
— Benchmark crude rose 98 cents to close at $86.77 a barrel in New York.
— Heating oil rose 4 cents to $2.97 a gallon
— Natural gas fell 3 cents to $3.38 per 1,000 cubic feet.
— Wholesale gasoline rose 4 cents to $2.65 a gallon.
On the ICE Futures exchange in London:
Brent crude, used to price international varieties of oil, rose $1.33 to $108.02.