Under normal circumstances, a pair of dissents in favor of a rate cut would be taken as a sign the Fed is taking a dovish turn, Tom Essaye, editor of Sevens Report Research, wrote in a Tuesday note.

The NYMEX September West Texas Intermediate contract was up by $1.04 to $67.76/bbl, just shy of an intraday high. Over the past month the WTI contract has bounced between a 50-day and 200-day moving ...