The Central Bank of Nigeria will now have more dollars flowing in to defend the Nigerian currency as oil prices rally above the budget benchmark of $75.

U.S. stocks are drifting higher on Wednesday as Wall Street waits to hear where the Federal Reserve may be taking interest rates. The S&P 500 was up 0.4% in midday trading. The Dow Jones Industrial Average was up 198 points,

In currency markets, the dollar firmed 0.3% on the Japanese yen to 144.49, while the euro dipped 0.1% to $1.1537. The spike in oil prices is a negative for the yen and euro at the margin as both Japan and the EU are major importers of energy, while the United States is a net exporter.

Equity indexes stabilize after Fed signals slower easing, oil rises amid Israel-Iran tension, Trump hints at unpredictability.

Oil prices rose and stock markets diverged Wednesday as investors tracked the Israel-Iran conflict and a looming US interest rate decision.

Wall Street stocks treaded water Wednesday after the Federal Reserve met expectations and kept interest rates steady while oil prices nudged higher following a volatile session amid ongoing clashes be

Oil prices eased and stock markets diverged Wednesday as traders kept a close watch over the Israel-Iran conflict ahead of an interest-rate announcement from the US Federal Reserve.

Oil prices slipped Wednesday following the previous day's surge but investors remained on edge fearing a US intervention in the Israel-Iran conflict after Donald Trump called for Tehran's "unconditional surrender".