Crude oil rises as traders prepare for central bank decisions ...Middle East

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Receive free Capital markets updates We’ll send you a myFT Daily Digest email rounding up the latest Capital markets news every morning. Crude oil prices rose in morning trade on Tuesday, stretching investors’ nerves over the impact of inflation as a host of central banks prepare to announce their latest moves on interest rates. Brent, the international benchmark, extended gains into a fourth successive trading session, rising as much as 0.5 per cent to $94.93 per barrel, while US equivalent West Texas Intermediate added 1.1 per cent to $92.49. Both benchmarks touched their highest price in 10 months earlier in the day. The gains have been spurred by news earlier

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