AlQa'dah 13, 1434, Sep 19, 2013, SPA -- The price of oil rose Thursday after the U.S. Federal Reserve kept its monetary stimulus in place and U.S. oil supplies fell more than expected. Benchmark oil for October delivery was up 61 cents to $108.68 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. Prices spiked Wednesday after the Federal Reserve unexpectedly maintained its stimulus for the U.S. economy and the Energy Department reported a bigger than expected drop in supplies of crude oil and gasoline. The contract climbed $2.65, or 2.5 percent, to close at $108.07. Brent crude, the benchmark for international crudes used by many U.S. refineries, was up 29 cents to $110.89 a barrel on the ICE Futures exchange in London.
