(RTTNews) - The price of crude oil edged up Tuesday morning amid a weaker dollar and ahead of weekly inventories data from the American Petroleum Institute.
Light sweet crude oil (WTI) futures for June delivery were up $0.86 at $83.99 a barrel, after hitting a low of $82 intraday previous session. Oil shed around 5% in the past two sessions on news that U.S. securities regulators charged Goldman Sachs Group with fraud.
Meanwhile, the U.S. dollar was ticking lower versus the euro and British pound in morning deals.
Analysts expect crude oil stockpiles to increase by 100,000 barrels and gasoline inventories to rise by 700,000 barrels.
