Oil Futures Continue to Trade in Tight Range

摘要

Oil prices slipped on Tuesday but continued to trade in a tight range, as concerns about rising US crude inventories overshadowed Opec production cuts. US crude stockpiles have been rising for seven consecutive weeks, and forecasts of an eighth build of 2.9 million barrels last week fueled worries that demand growth may not be sufficient to soak up the global crude oil glut.