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Oil prices ease in cautious trade ahead of U.S. inflation data.

Oil prices fell on Tuesday, relinquishing some of the strong gains in the previous two sessions while the market remained cautious ahead of U.S. inflation figures for April, which will be key to the Federal Reserve’s next interest rate decision.

The Brent crude price was down 30 cents, or 0.4%, at $76.71 and U.S. West Texas Intermediate (WTI) crude fell 26 cents, or 0.4%, to trade at $72.90 at 0340 GMT.

Both contracts had settled up more than 2% in the previous trading session.