"Investors seem to like the certainty and confidence of new Fed Chief Janet Yellen," he added.
New York's main contract, West Texas Intermediate for March, was up 42 cents at $100.36 in midday Asian trading, while Brent North Sea crude was eight cents higher at $108.76.
Yellen, in her first public comments as Fed chair after taking the helm of the US central bank on February 1, stressed little deviation from the current strategy of the policy-setting Federal Open Market Committee.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!