Oil prices rise ahead of key European bank meeting

The oil market found little to motivate it Wednesday. That should change in the next two days.

Benchmark oil rose 6 cents to end at $95.36 per barrel in New York. Weak manufacturing reports earlier in the week from China and the U.S., as well as Europe's dire economic picture, weighed on trader sentiment. But that was countered by hope for measures from central banks and governments to promote global economic growth. Such steps could translate into more demand for energy products.