Crude oil prices hovered near three-month lows on Tuesday in Asian trading, with investors waiting for key reports and data that may shed light on a supply overhang in the global market.
U.S. West Texas Intermediate crude (WTI) was up 3 cents at $48.43 a barrel by 0329 GMT. The contract ended down 9 cents in the previous session after touching its lowest since the end of November at $47.90.
Brent crude futures gained 7 cents to $51.42 a barrel, having settled down 2 cents on Monday after dipping as low as $50.85.
