Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output curbs by OPEC and non-OPEC members. U.S. West Texas Intermediate (WTI) crude fell 32 cents, or 0.6 percent, to $52.82 a barrel as of 0107 GMT, after ending the previous session down 0.1 percent. Brent futures fell 29 cents, or 0.5 percent, to $55.63 after settling down 0.2 percent in the previous session. "Oil is range-bound. If prices dip below $50 a barrel OPEC will cut more; if it goes above $55 the U.S. will produce more," said Jonathan Barratt, chief investment officer at Ayers Alliance in Sydney.

Get Trading Tips for click here http://www.ripplesadvisory.com/services.php.