Oil prices fell slightly in early trading on Tuesday, amid uncertainty over the US presidential election, after rising more than 2% in the previous session after OPEC+ delayed plans to increase production in December and supply concerns eased.
Market movement
Brent crude futures were down 15 cents, or 0.2 percent, at $74.93 a barrel by 0106 GMT, while U.S. West Texas Intermediate crude was down 14 cents, or 0.2 percent, at $71.33 a barrel, according to Reuters data.
We are now in the calm before the storm, said Tony Sycamore, market analyst at IG, adding that investors are focused on the outcome of the US election and China's National People's Congress meeting, which may announce more stimulus measures.
Oil prices were supported by the announcement on Sunday by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, that they would delay raising production by a month from December amid weak demand and rising supplies from outside OPEC.
