NEW YORK, April 26 (Reuters) - U.S. crude oil futures turned lower on Tuesday in choppy trading as investors took a cautious tack
- as the Federal Reserve starts a two-day policy meeting
- and ahead of weekly oil inventory reports.
Crude prices were pressured earlier when a Saudi oil official said the kingdom was concerned about high prices impact on the economy, but prices had rebounded with help from a weaker dollar.
On the New York Mercantile Exchange, June crude CLM1 fell 26 cents, or 0.23 percent, to $112.02 a barrel by 9:23 a.m. EDT (1323 GMT), trading from $111.12 to $112.64. (Reporting by Robert Gibbons; Editing by John Picinich)
- as the Federal Reserve starts a two-day policy meeting
- and ahead of weekly oil inventory reports.
Crude prices were pressured earlier when a Saudi oil official said the kingdom was concerned about high prices impact on the economy, but prices had rebounded with help from a weaker dollar.
On the New York Mercantile Exchange, June crude CLM1 fell 26 cents, or 0.23 percent, to $112.02 a barrel by 9:23 a.m. EDT (1323 GMT), trading from $111.12 to $112.64. (Reporting by Robert Gibbons; Editing by John Picinich)
