West TX Oil at $93 on Softer Economic Data

U.S. crude futures eased on Tuesday in early Asian trade, pressured by weak U.S. and Chinese economic data, although the fall was limited by a forecast decline in U.S. commercial crude oil and gasoline stockpiles.

U.S. October crude shed 13 cents a barrel to $92.79 as of 0003 GMT. It settled 65 cents a barrel higher at $92.92 on the previous session, recovering by more than $2 a barrel after falling earlier in the session towards 16-month lows. The U.S. October contract expires on Sept. 22.

November Brent gained 20 cents a barrel to $98.08 after it ended 8 cents lower at $97.88.  October Brent expired on Monday, settling 46 cents lower at $96.65 a barrel after earlier falling to $96.21, its lowest since July 2, 2012.

CNBC

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