Oil edges down as cautious investors await Fed meet, US CPI data

Tokyo, June 11 (BNA):  Oil prices traded lower on Tuesday, as investors waited for key U.S. and China CPI data as well as the outcome of the Federal Reserve’s policy meeting to glean a clearer picture of where inflation is heading and how that will affect fuel demand.

Brent crude futures fell 13 cents, or 0.16%, to $81.50 per barrel by 0613 GMT, Reuters reported.

U.S. West Texas Intermediate crude futures slipped 7 cents, or 0.04%, to $77.67.

M.I.