Oil slipped on Tuesday

International benchmarks for oil prices edged lower on Tuesday (13 September) after the EIA released its monthly report in which it down adjusted 2016 demand growth forecast by 100,000 barrel/day. This bearish report came a day after the OPEC painted a picture of a world still awash in crude thanks to resilient output from U.S. producers and others in its own report.

WTI closed at $44.90/barrel (-$1.39) for October delivery

Brent closed at $47.10/barrel (-$1.22) for November delivery