Investing.com – Oil prices Tuesday turned lower again after a short-lived bounce from three-month lows.
U.S. crude was below $43 for the first time since April. It was trading down 0.95% at $42.72 at 06:30 ET.
Brent crude fell 29 cents, or 0.64%, to $44.84. Sentiment remains bearish due to the ongoing supply glut.
U.S. gasoline stocks have building up recently despite the key driving season.
The build-up of inventories of refined products depresses demand for crude by refineries.
American Petroleum Institute stockpile data are due out later Tuesday.
These will followed on Wednesday by official Energy Information Administration figures.
Oil received some supported from the weaker dollar, which shed over 1% against the yen.