Oil down before U.S. stockpile data; attention on product builds
By Barani Krishnan NEW YORK (Reuters) - Oil prices fell as much 1 percent for a second day in a row on Tuesday as a rallying dollar and global fuel glut offset forecasts for lower U.S. crude stockpiles that would have been typically bullish for the market. A Reuters poll showed U.S. crude stockpiles likely fell 2.2 million barrels last week, declining for a ninth week in a row. The American Petroleum Institute (API), a trade group, will be issuing its inventory report at 4:30 p.m. EDT, before th
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