Investing.com – Oil prices were lower Tuesday as concerns about a glut of crude and refined products held sway.
U.S. crude was down 20 cents, or 0.44%, at $45.74 at 07:00 ET, while Brent crude shed 0.53% to $46.71.
Futures lost over 1% on Monday as supply disruptions failed to materialize in the wake of the failed military coup in Turkey.
Investors are now looking to the latest crude inventory data out of the U.S.
The American Petroleum Institute is due to release its stockpile figures for the latest week later Tuesday.
Official Energy Information Administration figures are due out the following day.
Forecasts point to a draw of 2.2 million barrels of crude in the latest week.
The dollar index was higher, depressing demand for oil.