Brent hovers above $118, waiting for Fed

SINGAPORE (Reuters) - Brent crude hovered above $118 a barrel on Wednesday as investors marked time ahead of the outcome of the Federal Reserve's policy meeting, with some investors hoping to hear hints of further monetary easing in the world's top oil user. A third round of monetary stimulus, also called QE3, via bond-buying by the Fed should boost liquidity in markets and lift appetite for ...