WASHINGTON (dpa-AFX) - Crude oil futures were higher Tuesday despite remarks from a top OPEC official who downplayed the possibility of a deal between major producers to curb output.
Refering to an upcoming meeting: 'It is an informal meeting, it is not a decision-making meeting,' Secretary-General Mohammed Barkindo said, according to Algerian state media.
Nov. WTI oil gained 19 cents, or 0.4%, to settle at $44.05/bbl on Nymex.
Oct. WTI oil settled at $43.44/bbl on expiration day, up 14 cents, or 0.3%.
The Federal Reserve is likely to maintain its current ultra-low interest rate Wednesday.
The Bank of Japan also makes a monetary policy decision Wednesday.
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