Oil futures turn lower on weak Chinese trade data

摘要

New York-Oil futures fell Tuesday as Chinese trade figures cast concerns over demand, halting a rally that had pushed ICE May Brent above $40/b. NYMEX April crude settled $1.40 lower at $36.50/b. ICE May Brent settled down $1.19 at $39.65/b. NYMEX April ULSD settled down 2.25 cents at $1.2000/gal. NYMEX April RBOB settled almost unchanged, down 49 points at $1.3878/gal. “Today I thought was predictable” considering the market had become “overextended,” Tradition Energy senior analyst Gene McGillian said.