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Oil prices rose Tuesday night, as the US Federal Reserve cut interest rates for the first time in more than a decade this week.
Brent rose 30 cents, or 0.5%, to reach $ 64.01 per barrel at 00:13 GMT, after gaining 0.4% in the previous session.
US crude rose 34 cents, or 0.6 percent, to $ 57.21 a barrel after rising 1.2 percent on Monday.
ANZ Research announced in a morning note that crude futures were "outbid by rising expectations of a rate cut in the US," adding that the optimism sparked by the trade talks Sino-US and tensions in the Middle East also supported prices.
US central banks will begin their meeting two days later in the day and should cut borrowing costs for the first time since the depths of the financial crisis more than a decade ago.
US President Donald Trump said that a slight rate cut "is not enough".
In the United States, economic growth slowed less than expected in the second quarter, strengthening the outlook for oil consumption but, elsewhere, disappointing economic data increased fears of slower growth.
US and Chinese negotiators are meeting this week for their first in-person talks since a G20 truce last month, with some optimistic that the talks will help narrow the gap between the world's two largest economies.
However, Trump said China may not want to sign a trade deal before the 2020 US elections.
Supply risks are still a concern, as tensions have remained strong around the Strait of Hormuz, through which about one-fifth of the world's oil pbades.
Tensions between Iran and the West have increased after Iranian commandos seized a British-flagged tanker in the Gulf this month in apparent retaliation for the capture of an Iranian oil tanker by the US. British forces near Gibraltar.
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