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Oil prices rise ahead of expected US interest rate cut

Updated : July 30, 2019 08:00 AM IST

Brent crude rose 30 cents, or 0.5 percent, to $64.01 a barrel by 0013 GMT, after gaining 0.4 percent the previous session.
US crude was up 34 cents or 0.6 percent, at $57.21 a barrel, having risen 1.2 percent on Monday.
US central bankers will begin their two-day meeting later in the day and are expected to lower borrowing costs for the first time since the depths of the financial crisis more than a decade ago.
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