Oil prices rose to over $83 with the expectation of monetary easing from the US Federal Reserve.

US crude for December increased by 40¢ to stand at $83.35 a barrel at 05.06 GMT while London ICE Brent rose 28¢ to $84.90, reports Reuters.

The Federal Reserve is expected to pump more money and spur dollar weakness in the US.

The pending Federal Reserve announcement overshadowed Saudi Arabia’s Oil Minister Ali al-Naimi’s comments on 1 November that consumers will be comfortable with oil prices above $90 a barrel.