U.S. crude oil price edged up on Wednesday following choppy trading as the dollar weakened.
The euro bounced on Wednesday after the big fall on the previous trading day, but investors remained cautious about Greece 's referendum which cast more uncertainties to European debt prospects.
The dollar was pressured by the Federal Reserve's statement. After a two-day meeting, the U.S. central bank lowered sharply its forecast for U.S. economic growth and raised the unemployment rate projection. But it announced no further monetary policy to boost the sluggish economy, which disappointed the markets.
The dollar index, tracking the greenback's performance against a basket of currencies, dipped about 0.2 percent, helping crude prices rise.
On the economic front, the private sectors added 110,000 jobs in October, beating market estimates and lifting market sentiment.
But U.S. Energy Information Administration reported weekly inventories data, showing the crude stocks added 1.8 million barrels in the week ended Oct. 28 and gasoline stocks increased 1. 4 million barrels. The rises reflected high production and less demand.
Light, sweet crude for December delivery rose 32 cents, or 0.35 percent to settle at 92.51 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for December delivery fell slightly 20 cents to close at 109.34 dollars a barrel.
