1.  Crude oil futures continue downtrend amidst supply issues
2.  Petroleum futures were reduced throughout mid-morning sell Asia Tuesday, continuing the sag from the over night slide as investors continued to be worried regarding expanding supply amid inadequate demand.
3.  At https://www.irocoatingadditive.com :40 am Singapore time (0240 GMT), ICE February Brent unrefined futures were down 63 cents/b (1.06%) from Monday's settle to $58.98/ b, while the NYMEX January light pleasant crude contract was 51 cents/b (1.02%) lower at $49.37/ b.
4.  The US Power Details Administration on Monday enhanced its forecast for United States shale manufacturing in January-- to rise by 134,000 b/d to 8.166 million b/d.
5.  January's anticipated development is just one of the extra robust regular monthly rises of late. In November, EIA forecasted December's oil result would be 7.944 million b/d, an increase of 113,000 b/d month on month.
6.  "Petroleum futures caught bearish influences as investors weigh rising United States shale manufacturing degrees together with weaker financial potential customers beyond 2018," Benjamin Lu, financial investment expert at Phillip Futures, claimed.
7.  At the same time, a mixed assumption on recently's United States crude stock levels additionally considered on rates, experts claimed.
8.  Experts checked Monday by S&P Global Platts expect United States industrial crude supplies to have actually fallen 3 million barrels last week in the middle of a 0.3 portion point boost in refinery run rates.
9.  While a draw would absolutely rate by several market bulls, a decline of this dimension would certainly put supplies at 439 million barrels, maintaining them constant at a 6.33% excess to the five-year standard of EIA data.
10.  Counter to evaluate participants, S&P Global Platts Analytics expects United States unrefined stocks to climb by 3 million barrels amidst an increase in US production and also a decrease in exports.
11.  Clear-cut numbers on last week's United States supply data schedule for release from the US EIA later Wednesday.
12.  Continuous profession stress in between the US and also China, uncertainty around momentary waivers on Iranian exports and also a poor equities market have also contributed in pressuring prices lower, analysts claimed.
13.  "Financiers likewise remained worried that OPEC will have a hard time to maintain to its arrangement to lower result. This is most likely to see costs continue to be under stress up until there is proof that result is being reduced," ANZ experts claimed in a note Tuesday.
14.  As of 0240 GMT, the US Dollar Index was down 0.58% at 96.55.
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