Lawmakers in Cyprus have rejected a proposal to tax bank deposits to assist in a bailout for the country's troubled banks. That has slowed a run toward the U.S. dollar, but also put a $13 billion bailout package in jeopardy.
Traders anticipate the U.S. Federal Reserve will continue its accommodating monetary policy with an announcement expected Wednesday afternoon.
On the New York Mercantile Exchange, West Texas Intermediate crude oil added 84 cents to reach $93.247 per barrel. Gasoline added 3.86 cents to $3.0925 per gallon. Home heating oil gained 10.39 cents to reach $2.9907 a gallon.
Natural gas held steady at $3.955 per million British thermal units.
At the pump, a gallon of regular unleaded gasoline was $3.697 Wednesday, up from Tuesday's $3.692, the AAA Fuel Gauge Report said.
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