Crude Continues Slide to Close Under $50 on Outside Factors

摘要

May Nymex crude extended its losses on Tuesday, falling 64￠ to close at $49.41 per barrel. Traders complained of choppy market momentum and difficulty finding a clear direction for prices. "The breakouts that we see get no followthrough," said Andrew Lebow, a broker with MF Global. Traders are "still taking cues from other markets," he added. May Brent on ICE Futures saw light activity - dropping 18￠ to settle at $51.96/bbl as the contract approached Apr. 15 expiry. Interest for June delivery drew nearly three times the volume of May.