Wall Street Journal | US Oil Prices Climb Above $40 a Barrel Wall Street Journal U.S. oil prices climbed above $40 a barrel Thursday, as the dollar weakened after the Federal Reserve dialed down expectations for interest rate increases, and major oil producers signaled growing willingness to freeze output. The U.S. oil benchmark ... US oil prices closed sharply higher on Wednesday, having extended gains after the Federal Reserve left rates unchanged. Oil extends rise after Fed decision, hopes for output curb Fed's dovish stance supports metals and crude oil |