MW: Crude edges lower on economic worries, inventories forecast
Crude-oil futures fell Tuesday for a second session as gloomy earnings from DuPont and Caterpillar Inc. fueled economic worries and as analysts forecast another buildup in U.S. oil inventories. Crude for May delivery, the front-month contract which expires today, fell 6 cents, or 0.1%, to $45.82 a barrel in early North American electronic trading. The June contract lost 36 cents, or 0.7%, to $48.15. The May contract slumped 8.8% Monday, the biggest one-day loss in seven weeks. Analysts surveyed by Platts expect U.S. crude inventories increased 3 million barrels last week, rising from their highest level in nearly two decades.
