Oil below $83
Oil dipped below 83 dollars in Asian trade Tuesday as investors took profits after a recent rally, analysts said.
Traders were also waiting for the results of a meeting Tuesday and Wednesday of the US Federal Reserve and the release of a weekly US report indicating energy demand in the world's biggest economy.
New York's main contract, light sweet crude for delivery in June, was down 52 cents to 83.68 dollars a barrel in afternoon trade.
Brent North Sea crude for June was down 25 cents to 86.58 dollars.
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