Crude oil futures edged lower Tuesday for the first time in six sessions, as the dollar stabilized from 3-year lows.
WTI light sweet crue oil fell 57 cents, or 0.9%, to settle at $63.73/bbl, easing from the highest since 2014.
Traders took profits ahead of two reports on weekly U.S. crude oil inventories. U.S. stockpiles have dropped for eight weeks in a row, boosting oil prices.
Over the weekend, Iraqi oil minister Jabbar al-Luaibi said that production curbs had contributed to stability in the market and should remain, echoing comments from Qatar and the United Arab Emirates.
The material has been provided by InstaForex Company – www.instaforex.com
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