Oil prices down ahead of producers’ meeting, US data

SINGAPORE: Oil prices eased in Asia Tuesday with analysts expecting volatility in the run up to a producers’ meeting next week, while traders are also awaiting the release of US stockpiles data.

The commodity plunged last week on supply glut worries but bounced slightly Monday after OPEC member Venezuela said a deal to limit output was close. Unrest in key producers Libya and Nigeria also raised the prospect their exports would be hit.