Oil Ends With a Slight Loss Ahead Of Weekly Data On U.S. Crude Supply

By Myra P. Saefong Markets MarketWatch Pulse

Oil prices settled with a slight loss on Tuesday, sticking to a tight trading range as traders awaited weekly U.S. petroleum inventory data. The Energy Information Administration will issue its report early Wednesday, after the American Petroleum Institute's figures late Tuesday. Analysts surveyed by S&P Global Platts forecast a weekly rise of 1.6 million barrels for crude stockpiles. April West Texas Intermediate crude fell 6 cents, or 0.1%, to settle $53.14 a barrel on the New York Mercantile Exchange.

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