OIL FUTURES: Nymex Crude Down On Caution Before EIA Reports - Wall Street Journal

SINGAPORE (Dow Jones)--Crude oil futures lost ground Tuesday in Asia as traders turned cautious about buying into the recent rally, with fundamentals staying soft.

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Weekly U.S. government oil data due Wednesday is expected to show a further increase in the country's crude stockpiles, which are already at their highest levels since 1990. Later Tuesday, the federal Energy Information Administration will release its monthly Short-Term Energy Outlook, potentially offering fresh estimates of global oil demand.

Full Story: OIL FUTURES: Nymex Crude Down On Caution Before EIA Reports - Wall Street Journal