By Henning Gloystein
SINGAPORE (Reuters) - Oil prices moved very little on Tuesday, with liquidity fading in the run-up to the Christmas weekend.
U.S. West Texas Intermediate (WTI) crude oil futures were trading at $52.11 per barrel at 0035 GMT, virtually unchanged from their last settlement.
International Brent crude oil futures were yet to trade.
Traders and analysts said there were no fundamentals available to drive large price swings, and that markets would likely remain tepid this week.
"With little data due, prices are likely to drift aimlessly in today's session," ANZ bank said on Tuesday.
Also Read
Jeffrey Halley, senior market analyst at OANDA brokerage in Singapore said that "a light news week and the run in to the holiday season" was keeping markets quiet.
(Reporting by Henning Gloystein; Editing by Joseph Radford)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app