Oil Falls to Multiweek Lows on Persistent Supply Glut

摘要

Oil prices fell for a third straight session to multiweek lows on Tuesday, reflecting concerns about the persistent global supply glut ahead of US data expected to show another increase in crude inventories. Crude futures came under pressure from analyst expectations that US crude inventories rose last week, a fifth consecutive build after gaining 22 million barrels in a four - week span.