Crude oil prices settled sharply lower in futures market on Tuesday in volatile trading tied to the expiration of the April futures contracts, ahead of data expected to reveal a rise in weekly U.S. crude supplies.
Light sweet crude oil (WTI) futures declined 0.88 dollar or 1.82 percent to close at USD 47.34 a barrel at the New York-based commodity exchange NYMEX.
Brent crude oil futures declined 0.66 dollar or 1.28 percent to close at USD 50.96 a barrel at NYMEX. WTI-Brent spread was stable on Mar-2017.
Natural gas futures remained flat at 3.093 a gallon at the NYMEX. RBOB gasoline futures remained flat at 1.605 a gallon at the NYMEX.
In refined products, RBOB heating oil futures remained flat at 1.503 a gallon at the NYMEX.