MW: Oil dips further after U.S. sentiment, bank data
By Nick Godt
NEW YORK (MarketWatch) -- Crude oil futures lost further ground on Tuesday, after the latest round of U.S. reports showed a better-than-expected reading of consumer sentiment but a rising number of distressed banks. Crude oil for January delivery was down $1.03, or 1.3%, at $76.53 a barrel in electronic trade, compared with $77.53 earlier. Crude came under pressure earlier amid concerns about China's economic health and ahead of reports on petroleum inventories later Tuesday and on Wednesday.
