(RTTNews) - The price of crude oil moved up Tuesday morning as traders await cues from a host of economic data due out this week, including ADP's private sector employment report.
Light Sweet Crude Oil (WTI) futures for August delivery, were up $0.61 to $95.55 a barrel.
Meanwhile, the U.S. dollar was leveling off from its monthly low versus the euro, while trading flat against sterling. The buck was ticking higher versus the yen, while paring recent gains against the Swiss franc.
In economic news from the euro zone, retail sales declined more than expected in May, data from Eurostat showed. Retail sales were down 1.1 percent month-on-month, reversing last month's revised 0.7 percent rise. Economists had forecast 1 percent drop for May.
Traders will look to the Commerce Department's report on factory goods orders for May. Economists expect orders to have rebounded by 1 percent following a 1.2 percent drop in April.
