Brent Crude Rises While WTI Falls on Tuesday

Crude oil investors trimmed earlier losses on Tuesday as they await weekly government data reports, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, September West Texas Intermediate crude oil fell 4 cents, or less than 0.1%, to settle at $47.55 a barrel.

On the London ICE Futures Exchange, October Brent crude, the global benchmark, settled 7 cents, or 0.1%, higher at $50.80 a barrel.

The crude oil market will get its weekly data on domestic petroleum supplies from the American Petroleum Institute late Tuesday and from the U.S. Energy Information Administration early Wednesday.

Analysts polled by S&P Global Platts expect the EIA report to show that crude supplies fell 3.6 million barrels for the week ending Aug. 11.

Back on the New York Mercantile Exchange, September natural gas declined by 2.4 cents, or 0.8%, to settle at $2.935 per million British thermal units.

 

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