Crude prices moved slightly higher on Tuesday as traders awaited the outcome of refinery labor negotiations and weekly inventory data. "It was more of the same, Nymex crude still being range bound between $40 and $47 and trading a little more firm than Brent," said Tom Bentz of BNP Paribas. "There's a lot of refining capacity that is out of the market, and still some ongoing concerns that refining negotiations could lead to a strike which helped gasoline," said Bentz.
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