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Crude oil slipped slightly on Tuesday as traders looked ahead to the weekly inventory report as well as some key economic reports on Wednesday.
Light sweet crude finished at $66.71 per barrel, down 13 cents on the session. Prices earlier fell as low as $65.82.
Energy traders will also watch for the Energy Information Administration's inventory report at 10:30 a.m. ET. Analysts are predicting a build of about 2.1 million barrels for the week ended September 25.
Last week's report showed crude oil inventories increased by 2.8 million barrels in the week ended September 18. Total motor gasoline inventories increased by 5.4 million barrels last week.
Also tomorrow morning, ADP employment data for August is planned for release at 8:15 a.m. ET. A drop of 200,000 jobs is projected, compared to the 298,000 decline last month.
Gross domestic product data is expected at 8:30 a.m. ET. Final second-quarter GDP is expected to drop 1.2%, compared to a 1% drop last quarter.
On the economic front on Tuesday, the Conference Board said its consumer confidence index slipped to 53.1 in September from a revised 54.5 in August. Economists had been expecting the index to increase to 57.0 from the 54.1 originally reported for the previous month.
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