TOKYO- Although persistent worries about a slowdown in China’s economy limited the upside, oil prices were away in earlier trade on Tuesday away of data eventually expected to show an increase in U.S. crude oil and gasoline inventories. At 0101 GMT, Brent crude was trading 10 percent higher at$ 85.46 per barrel, while U.S. West Texas Intermediate crude traded 9 cent higher. The expiration date for WTI’s contract in September was$ 80.23, an increase of 11 cents. As the American Petroleum Institute economy class is scheduled to release information afterwards on Tuesday, U.S. crude oil and gasoline inventories were anticipated to have decreased last year, according to a preliminary Reuters surveys. The Energy Information Administration
Continue reading: Fuel up on anticipated U.S. oil investment discharge, but China darkness tempers gain
