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Oil settles lower after mixed performance

Oil settles lower after mixed performance

Mubasher: Oil prices fell on Tuesday, despite rising earlier in the session due to the fluctuations of exchange rates.

Crude prices saw a mixed performance today, as markets anticipate the release of the United States oil inventories data.

The American Petroleum Institute (API) is scheduled to issue its weekly report later.

Nymex futures decreased by 16 cents, to settle at $67.10 per barrel, despite going as high as $68.4 earlier.

On ther other hand, Brent crude futures are down 0.2%, trading at $72.47 a barrel.