Oil steadies; Fed, equity gains soothe

SINGAPORE: Oil prices steadied on Thursday, stabilising after two days of losses under the influence of modest gains in regional equities and dovish comments from the U.S. Federal Reserve.Japan's Nikkei average rose 0.8 percent on Thursday, after U.S. stocks closed mostly lower on Wednesday following the Fed's monetary policy statement, suggesting interest rates will remain near zero longer than expected. "Oil has picked up off the lows this morn ....

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