Crude oil prices rallied on Thursday

International benchmarks for oil prices leaped higher on Thursday (17 March) as the Federal Reserve elected to maintain interest rate unchanged in March and suggested that they would likely to raise interest rate only twice this year has sent the US dollars to the five-month-low against other major currencies. The US labour market remains as a bright spot as the number of jobless claim remained below 300,000 for 54 consecutive weeks, according to WSJ, strengthen the demand prospect in the world largest oil consumer.
Meanwhile, market has regained hope on a meeting between major oil producers to curb the global excess supply. 

WTI closed at   $40.20/b (+$1.74) 
Brent closed at $41.54/b (+$1.21)

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