As expected.. Fed maintains rates steady

The Energy Information Administration reported a sharp drawdown of 11.5 million barrels in US crude stocks last week to a total of 420.9 million barrels, whlile analysts only expected a drop of 1.6 million barrels.

US stock indices rose on Wednesday ahead of the Federal Reserve’s policy decision later today.

Bitcoin lost modest ground on Wednesday but still traded near $105,000 following a 2% drop yesterday.