By Biman Mukherji
--Brent oil futures are lower in Asian trading after Monday's 1.3% gain put crude's global benchmark at a two-week high.
--April Brent futures were recently down 0.3% at $65.45 a barrel. March light, sweet crude on the New York Mercantile Exchange was recently up 1% at $62.19 in the Globex trading session to reflect Brent's gains Monday and as the U.S. benchmark didn't have a settlement level because of the Presidents Day holiday.
--Investors are likely to take further cues from U.S. data, notably oil production. "Despite strong oil consumption" amid the global's ongoing economic strength, U.S. oil supplies should rise much of this year on still-growing output there, says ICBC.
Write to Biman Mukherji at [email protected]