U.S. crude oil futures falls $1, reverse China, Saudi rise

U.S. crude oil futures fell over $1.00 a barrel in electronic trade on Tuesday, shedding some of the gains from the previous day when crude rose 2 percent as China's stimulus package and Saudi Arabia's pledge to cut supplies boosted prices.

TOKYO: U.S. crude oil futures fellover $1.00 a barrel in electronic trade on Tuesday, shedding some of the gainsfrom the previous day when crude rose 2 percent as China's stimulus package andSaudi Arabia's pledge to cut supplies boosted prices.

By 0015 GMT,NYMEX crude for December delivery eased back to be down 96 cents abarrel at $61.45 on the Globex electronic trading platform.
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