Crude oil futures fell on Tuesday on comfortable global oil supplies as the threats of tensions receded from Iran.
On the New York Mercantile Exchange, West Texas Intermediate crude for delivery in March traded at USD93.95 a barrel during Asian morning trade, down 0.68%.
On Monday the New York-traded oil futures held in a range between USD93.93 a barrel and USD94.04 a barrel and closed at USD94.01 a barrel.
Nymex oil futures were likely to find support at USD92.63 a barrel, the low from January 15 and resistance at USD95.07 a barrel, the high from January 17.
Gross long oil positions fell by 7,066 contracts to 284,307, while gross short positions increased by 10,389 lots to 54,585. Net longs totaled 229,722 contracts, compared to 247,177 in the preceding week.
Elsewhere, on the ICE Futures Exchange in London, Brent oil futures for March delivery traded flat at USD106.27 a barrel, while the spread between the Brent and U.S. crude contracts stood at USD12.32 a barrel
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