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Oil Prices Slide After Early Gains on Hopes of Firm U.S. Data

By Clip Syndicate
Oil prices slid back close to opening levels around $60.20 per barrel on Tuesday, after gaining earlier in the day on expectation of firm U.S. economic data due later on Tuesday. WTI crude futures rose over a dollar to a session high of $56.85 a barrel before dipping back to $55.67 at 0745 GMT. Analysts said 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.

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