Equities climb as oil bounces; Fed decision nears

Oil reversed early falls to stem a six-day slide as bargain hunters moved in after crude dropped to its lowest level since December 2008 in the prior session. The bounce helped lift equities in both the United States and the Europe. Top officials at the Federal Reserve on Tuesday began a two-day policy meeting at 1 p.m. EST (1800 GMT) that is expected to end with the first U.S. interest rate increase since 2006.