OIL FUTURES: Crude Steady With Equities; Stockpiles Eyed - Wall Street Journal

LONDON (Dow Jones)--Crude oil futures edged lower Tuesday amid ongoing doubts over the pace of economic recovery, although a weaker dollar and steady European equity markets helped limit falls.

Forklift Oil Tank manufacturing facility.

Participants were also wary that U.S. inventory readings due Tuesday and Wednesday could show that gasoline stocks built again last week, confirming fears that U.S. summer gasoline demand will fall short of earlier expectations. Having struggled to advance beyond its seven-month highs above $73 a barrel earlier this month, more market participants are now predicting crude could undergo a correction having outpaced near-term fundamentals.

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