Crude oil prices fell below $ 94 a barrel on Tuesday, as traders await U.S. economic indicators, after a long holiday weekend.
Benchmark crude for July delivery fell 60 cents to $ 93.55 a barrel at midday Bangkok time electronic trading on the New York Mercantile Exchange. The contract fell 10 cents to settle at $ 94.15 a barrel on the New York Mercantile Exchange on Friday. Monday in the U.S. and UK public holidays.
Traders believe that global energy demand may weaken after HSBC released a survey last week showed manufacturing in China in May decreased. Factory production in the world's second-largest economy will be released later this week an official report.
Data released late Tuesday in Washington, including housing prices and consumer confidence index, should help clarify the largest economy in the world, the recovery state. First quarter U.S. economic growth figures will be released on Thursday.
Posted against the yen and the euro's recent gains, the dollar also weighed on crude prices. Oil usually fall because a stronger dollar, crude oil and other currencies because investors have become more expensive.
Many varieties of international crude oil benchmark, Brent crude fell 11 cents to $ 102.51 a barrel.
In other Nymex energy futures trading:
- Wholesale gasoline fell 1 cents to $ 2.818 a gallon.
- Heating oil rose 0.3 cents to $ 2.857 a gallon.
- Natural gas rose 3.6 cents to $ 4.273 per 1,000 cubic feet.
 
 



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