WASHINGTON (dpa-AFX) - Crude oil prices turned lower Tuesday after a stunning rally over the previous few sessions.
Talk of discord between OPEC nations has prompted oil's big upmove.
The Wall Street Jouraal reports that Venezuela is impatient with cheap oil and wants to call an emergency meeting, hoping to get its OPEC brothers to cut production.
U.S. WTI crude oil for October was down $1.04 at 48.12 a barrel, but remains up a whopping 25 percent from a week ago.
Disappointing Chinese factory data weighed this morning. China's official manufacturing purchasing managers index for August fell to 49.7, from 50.0 in July, its lowest level since August 2012.
Copyright RTT News/dpa-AFX