Oil prices fell in Asian trading on Tuesday, extending losses from the previous session when prices fell to four-month lows, as investors worried about rising supplies later in the year amid cautious demand forecasts from key consumers in the United States.
Crude oil futures fell during the Asian session on Tuesday.
According to the New York Mercantile Exchange, July crude oil futures were trading at USD73.72 per barrel at the time of writing, down 0.67%.
The price has been trading lower at USD73.58 per barrel. Crude oil may find support at USD73.58 and resistance at USD79.42.
The dollar index, which measures the performance of the greenback against a basket of six other major currencies, rose 0.06% to trade at USD104.02.
Meanwhile on Nymex, Brent crude for August delivery fell 0.61% to trade at USD77.88 a barrel, while the spread between Brent and crude oil futures stood at USD4.16 a barrel.
