Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China™s proposed security law in Hong Kong and as some traders doubted Russia™s commitment to deep production cuts. Brent crude fell $1.38, or 3.8%, to $34.79 a barrel, while West Texas Intermediate crude settled $1.54, or 4.48%, lower at $32.81 per barrel. Meanwhile, tensions between the U.S. and China continued to rise after China announced plans to impose new national security legislation on Hong Kong, prompting protests in the street. Source: Reuters

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U.S. oil futures scored a fourth straight gain on Tuesday, with traders bidding up crude a day ahead of the conclusion of a Federal Reserve policy meeting that's expected to deliver a quarter percentage point interest rate cut. The resumption of U.S.-China trade talks were also viewed as a positive, despite downbeat comments from President Donald Trump. Crude œis bid on the start of trade...

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The U.S. dollar was stronger against other currencies on Tuesday as investors waited for the Federal Reserve to cut rates, while the pound continued to fall on fears of a no-deal Brexit. The U.S. dollar index, which measures the greenbacks strength against a basket of six major currencies, rose 0.1% to 97.877 by 10:38 AM ET (14:38 GMT). The Fed's two-day monetary policy meeting starts on...

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Oil prices extended a rally on Tuesday - with Brent up for a fourth straight session and U.S. crude rising for four of the last five days - as expectations that the Federal Reserve will cut rates for the first time in a decade fueled buying interest. New York-traded West Texas Intermediate crude futures gained 42 cents, or 0.7%, to $87.29 a barrel by 7:43 AM ET (11:43 GMT), while Brent crude...

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Oil extended gains on speculation that demand will get a boost from a potential rate cut by the Federal Reserve, while investors await news from the resumption of U.S.-China trade talks. Futures advanced as much as 0.7% in New York after climbing the most in almost three weeks on Monday. Later this week, the Fed is expected to lower borrowing costs for the first time in more than...

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