US crude was up 30 cents or 0.Tensions spiked between Iran and the West after Iranian commandos seized a British-flagged oil tanker in the Gulf this month in apparent retaliation for the capture of an Iranian tanker by British forces near Gibraltar.4 per cent the previous session.5 per cent, to USD 64..US central bankers will begin their two-day meeting later on Tuesday and are expected Flat twin screw extruder to lower borrowing costs for the first time since the depths of the financial crisis more than a decade ago.

“If the Fed is a little more dovish and prices in a 75 basis points cut .17 a barrel, having risen 1.”Economic growth in the United States slowed less than expected in the second quarter, strengthening the outlook for oil consumption but, elsewhere, disappointing economic data has increased concerns about slower growth. we might see oil pushing up towards USD 60,” Lu said by phone, referring to US crude.US and Chinese negotiators meet this week for their first in-person talks since agreeing to a truce to their trade dispute at the Group of 20 meeting last month, with some optimistic that the discussions will help bridge the gap between the world’s two largest economies and biggest oil consumers.