The North Sea crude, a reference in Europe, closed the session at the Intercontinental Exchange trading 27 cents higher than the $61.94 with which it ended transactions on Tuesday.
Brent reacted positively, following two declining sessions, to the U.S. central bank’s decision to cut the benchmark interest rate by a quarter of a percentage point to a range between 3.5% and 3.75%.
Investors believe that more cuts are forthcoming and that oil demand will improve.
Contributing to the price increase was the news of the U.S. seizing an oil tanker off the coast of Venezuela, heightening concerns about potential disruptions in oil supply.
