Oil futures weakened Tuesday as the likelihood of an OPEC-led production cut diminished further, with NYMEX crude back under $30/b ahead of weekly US inventory reports expected to show a build. NYMEX March crude settled $1.74 lower at $29.88/b. ICE April Brent settled down $1.52 at $32.72/b. In refined product action, NYMEX March ULSD settled 2.56 cents lower at $1.0109/gal, while NYMEX March RBOB settled down 8.22 cents at $1.0008/gal.
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