After a sharp run-up, boosted by the U. S. Federal Reserve's interest rate decision, crude oil prices closed in on $83 per barrel Wednesday.

The Fed on Tuesday said it would maintain "exceptionally low" interest rates of zero to 0.25 percent "for an extended period." The announcement pumped quick action in commodity markets with crude oil gaining more than $2.25 in late-afternoon trading.

Prices regained momentum on Wednesday after overnight waver. April delivery of light, sweet crude added $1.20 to a recent settlement to reach $82.90 per barrel. Heating oil prices picked up 0.0252 cents to reach $2.1395 per gallon on the New York Mercantile Exchange.

With the rise of 0.03 cents, reformulated gasoline blend stock prices rose $2.305 per gallon. Henry Hub natural gas prices shed 0.052 cents to $4.295 per million British thermal units.

AAA further said that at the pump, the national average price of unleaded gasoline rose to $2.789 per gallon on Wednesday, up from Tuesday's $2.787. (With Inputs from Agencies)