Investing.com - Oil futures fell on Tuesday pressured lower by persistent fears about global oversupply
U.S. crude futures were trading at $32.73 per barrel at 09.42 GMT, down 1.92% from Monday's settlement
International benchmark Brent was down 1.84% at $34.06 a barrel
Oil prices rallied on Monday after the International Energy Agency said that U.S. shale production could fall this year and next
But prices turned lower amid fears that any decline in U.S. output would be offset by increased production from Iran