Oil futures edged up on Tuesday as the US dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices.International Brent crude oil futures were trading at US$49.34 per barrel at 0125 GMT, up 8 US cents from their previous close.
US West Texas Intermediate (WTI) crude futures were up 15 US cents at US$47.13 a barrel.
The US dollar retreated from Monday's two-week high as investors looked ahead to jobs data this week that Federal Reserve Vice Chair Stanley Fischer has said will be important to whether the US central bank raises interest rates soon.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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