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.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.