Crude oil prices fell Tuesday morning ahead of closely watched economic data and a speech from the nation’s top central banker.
WTI oil for May was down 72 cents at $38.66 a barrel, even after a Credit Suisse analysts predicted prices would soon snap back to $50.
Traders await U.S. inventories data over the next two days, while the S&P/Case-Shiller home-price index is expected at 9 a.m.
Federal Reserve Chair Janet Yellen is due to speak to the Economic Club of New York at lunch hour about monetary policy.
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