Oil prices gain by tight supply; other risk assets swoon on Fed rate hike
Source: Reuters
U.S. crude stocks down 3 million barrels - EIAFederal Reserve increases rates by 0.75 percentage pointSupply seen tightening in coming months due to sanctions, OPEC+NEW YORK, Nov 2 (Reuters) - Oil prices rose on Wednesday, gaining ground even as other risk assets dropped following the Federal Reserve's fourth interest rate hike of the year.The market was supported by another decline in U.S. oil inventories as…