Futures Movers: U.S. oil prices seen up for fourth straight day

U.S. oil futures were heading for a fourth straight advance in Tuesday trading, as broader financial markets awaited appearances this week by Federal Reserve Chairman Jerome Powell and any hints on the likelihood of an interest-rate cut later this month.

The Fed’s reaction to some signs of a slowing economy has been a key factor for markets, including for investors assessing whether oil demand will hold up. The interest-rate talk’s impact on the U.S. dollar DXY, +0.11% can also sway oil trading. The world’s two largest oil consumers, China and the U.S., are due to rekindle trade talks this week, although there are few signs that key differences in otherwise advanced talks have narrowed.

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