Tokyo: Oil prices rose for a fourth day on Tuesday on optimism the US Federal Reserve will this week cut interest rates for the first time in more than ten years, which should support economic and fuel demand growth in the world’s biggest oil user.
Brent crude rose 33 cents, or 0.5 per cent, to USD 64.04 a barrel by 0435 GMT, after gaining 0.4 per cent the previous session.
US crude was up 30 cents or 0.5 per cent, at USD 57.17 a barrel, having risen 1.2 per cent on Monday.
