Singapore, Dec 23,(www.McxBaba.com)-
Oil prices slid back close to opening constants around $60.20 per barrel on Tuesday, after gaining earlier in the day on probability of firm U.S. economic data due later on Tuesday.
Front-month U.S. WTI crude futures rose over a dollar to a period high of $56.85 a barrel before dipping back to $55.67 at 0745 GMT. Brent crude was up 9 cents at $60.20 a barrel.
Expectations of firm U.S. economic data later in the day had pushed prices higher in thin Asian trading due to a public holiday in Japan.
The focus of today would likely come from U.S. durable orders and U.S. GDP figures. Durable goods orders depict a strong manufacturing sector which implies a higher industrial use of crude oil.