Wall Street was little changed at the open on Thursday, with investors reluctant to trade ahead of the Federal Reserve's interest rate decision later in the day. The Fed will announce the outcome of its policy meeting and release its latest economic projections at 2 p.m. ET (1800 GMT), followed by a news conference by Chair Janet Yellen at 2:30 p.m. An increase in the Fed's benchmark rate, which has been near zero since the depths of the financial crisis in December 2008, would be the first since 2006.
NEW YORK: Oil gained on Friday while stocks on Wall Street closed lower even as major US and European stock indices posted their best month in at least four years, boosted in part by accommodative monetary policies in the euro zone and Japan. Oil prices rose after the US oil rig count fell for a ninth straight week, indicating potentially lower crude output in coming months in the face of a global supply glut.