Oil prices observes a jump of about two percent on Wednesday

Oil prices saw a jump of about two percent yesterday ahead of the keenly watched meeting of the U.S. Fed Reserves for clues on interest rate policy.

In intra-day trade, Brent crude was



trading at 86 dollars and 56 cents per barrel, while U.S. West Texas Intermediate crude was trading at 82 dollars and 59 barrels when reports last came in.