Crude prices in Asia held onto gains on Tuesday late into the session, but sentiment remained cautious ahead of weekly industry estimates of U.S. oil and refined product stockpiles.
On the New York Mercantile Exchange crude futures for June delivery rose 0.09% to $46.475 a barrel, while on London’s Intercontinental Exchange, Brent gained 0.12% to $49.40 a barrel.
The American Petroleum Institute (API) reports its estimats of crude and refined product stocks at the end of last week after the market close on Tuesday. The figures are followed on Wednesday by official data from the U.S. energy Information Administration.
www.gurusresearch.com
9761931931,8006256256