Oil prices rise against expectations of Fed rate cuts



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Direct: Oil prices rose Tuesday, with forecasts that the Federal Reserve will reduce interest rates, boost the economy and increase demand growth.

The Fed meetings, which last two days, start today to decide the interest rate while waiting for a reduction.

US President Donald Trump said yesterday that he did not expect the Fed to do much to stimulate the economy.

At 6:30 GMT, the Brent benchmark for September shipments rose 0.6% to $ 64.08 per barrel.

The US crude futures price for September delivery rose 0.7% to $ 57.25 a barrel.

A new round of trade talks between Washington and Beijing began with a US delegation to China, the first since the resumption of trade talks last month.

The US Petroleum Institute must announce inventory data for the week.

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