Crude oil futures turned lower on Tuesday, on data showing weaker-than-expected oil demand in China the world’s second-largest consumer, reducing the prospect of oil inventories falling below the five-year average. Meanwhile, an announcement by the Nigerian subsidiary of Royal Dutch Shell to lift a force majeure on Bonny Light crude exports, also added to oversupply jitters. Also, EIA had said it expected to see a climb in crude output from key U.S. shale regions of 117,000 barrels per day (bdp) in September to 6.149 million bpd.

Benchmark crude oil futures for September delivery ended down by $0.04 or 0.1 percent to $47.55 on the New York Mercantile Exchange. In London, Brent crude for September delivery ended lower by $0.12 at $50.85 a barrel on the ICE.

For More Equity Trading Tips>> Click Here>> http://www.ripplesadvisory.com/services.php.