>Crude up on dollar; waits on Fed, inventories

London - Crude oil futures slightly higher, boosted by weaker dollar, but much of the market sidelined waiting for US inventory data and conclusion of FOMC meeting Wednesday. "The US interest rate decision tomorrow will be pivotal for the direction of crude," say analysts at ANZ. Chinese oil import and refining data also lending some upside support. Meanwhile NOAA now tracking three Atlantic weather patterns, although potential for cyclone formation rated between low to medium. ICE September Brent +18c at USD73.68/bbl, Nymex September light, sweet +32c at USD70.92/bbl.

Source: COMMODITIESCONTROL