Oil prices rose on Monday, snapping a four-day slump and lifted by a rallying equities market expecting the U.S. Federal Reserve to keep its policies steady at a meeting this week and bouncing after crude prices slumped 3.7 percent last week.

The S&P 500 .SPX hit a four-month high and all three major indexes rose 1 percent as Wall Street sought to extend a three-week rally ahead of Tuesday’s monetary policy meeting by the Federal Reserve. 1/8 .N 3/8

Trading sources also said crude futures were being supported by expectations that the week-long shut down of Enbridge Inc’s ENB.TO Canada-to-U.S. crude oil pipeline restarted on Friday may have pushed U.S. crude inventories lower last week.

U.S. crude for October CLc1 delivery rose $1.47, or 2.0 percent, to $75.13 per barrel at 12:05 p.m. EDT, trading from $73.32 to $75.45. The October contract expires on Tuesday.