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Futures Movers: Oil prices catch a small break from weaker dollar

Crude oil prices staged a tepid rebound in early Asian trade Thursday, buoyed by a weaker dollar after the U.S. Federal Reserve stood pat on interest rates, but unexpected growth in U.S. oil inventories is keeping prices in the doldrums.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in September CLU6, -0.05% at $42.01 a barrel, up $0.21 in the Globex electronic session. September Brent crude LCOU6, -0.09% London’s ICE Futures exchange rose $0.09 to $43.56 a barrel.

The decision by the Federal Open Market Committee to keep interest rates the same brought down the greenback, which helped strengthen oil prices.

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