The price of oil was little changed near $93 a barrel on Wednesday as markets digested the Federal Reserve chairman’s fairly sanguine view about the risks emanating from the central bank’s super-easy monetary policy.

By early afternoon in Europe, benchmark crude for April delivery was up 7 cents to $92.70 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 48 cents Tuesday to settle at $92.63.