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“Crude oil is expected to trade sideways. Oil prices extended losses below USD 80 a barrel Tuesday in Asia as investors eyed meetings of the U.S. central bank and OPEC for trading catalysts,“ said SMC in a report.

“Oil prices have ricocheted between USD 70 and USD 80 for most of the last nine months as crude demand recovered from last year`s global recession but remains weak in developed countries,“ it added

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