OIL FUTURES

Nymex crude futures remain near their intraday highs and react little to widely expected Fed move to raise rates 25 BP. However, the indication given by the Fed that it may be pausing its tightening campaign, which sent the stock market rallying and the dollar lower, is seen as bullish for oil. "The Fed is a lot less hawkish" than many had feared just a few weeks ago, an energy markets analyst says. The indication that it may be done with interest rate hikes for the time being "is bullish for oil," the analysts adds. "Buy everything." Aug crude closes +$1.36 at $73.55/bbl.