Washington - Agencies:
Oil prices rose on Tuesday, as investors remained cautious ahead of important decisions on interest rates and the release of inflation data, but concerns about oversupply and slow demand growth undermined the gains.
Brent crude futures for February delivery rose 26 cents, or 0.3 percent, to $76.29 per barrel.
US West Texas Intermediate crude futures for January delivery also rose 26 cents, or 0.4 percent, to $71.58 per barrel.
The US Consumer Price Index report is scheduled to be released today, Tuesday, while the two-day Federal Open Market Committee monetary policy meeting will end tomorrow, Wednesday.
The US Federal Reserve is widely expected to keep interest rates unchanged tomorrow.
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