The West Texas Intermediate were seen traded flat on Tuesday, after its prices fluctuated earlier on Monday ,while data revealed under-forecast from the US housing sector .
The WTI crude futures were seen falling slightly 0.05% to $106.89 a barrel, as the European benchmark crude exceeded WTI crude futures, after its fall and rise in the previous sessions. Brent crude rose 0.20% to $108.37 on the London ICE Futures Europe exchange.
Earlier on Monday, the North American crude were seen falling sharply, the most in a week in reaction to concerns raised that the US economy may not be recovering as the National Association of Realtors revealed in its monthly housing re-sales data .
The North American crude revealed a 1.2% fall of re-sales in the previous month to the new yearly figures of 5.08 million, below analysts’ expectations of 5.25 million.
The WTI crude futures and the Brent crude started the week with a bullish reaction, for the fourth day in a row, increasing in response to the fall in US oil inventories, the positive US data ( such as the fall in unemployment ) and the high-demand season in the Northern Hemisphere , signifying the US will increase its demand for crude .
However, markets were impressed with Monday reports, which revealed the second strongest figure since 2009.
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