Crude Prices Fall for Second-Straight Day

EnergyReuters

U.S. crude oil futures ended lower for a second day on Tuesday on profit-taking in a sell-off sparked by weak durable goods data that overshadowed an upbeat report on consumer confidence.

Technical signals showed the correction from near $110 a barrel has not completed and forecasts ahead of weekly inventory reports showed U.S. crude inventories rose last week, both also weighing on crude futures.

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NYMEX crude for April delivery settled at $106.55 a barrel, down $2.01, or 1.85 percent, after trading between $106.30 and $108.79.

(Reporting By Gene Ramos)

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