Oil prices edge lower on Tuesday

Oil prices edged lower on Tuesday, extending losses from the previous day.

Brent crude futures fell 24 cents, or 0.23 percent, to US$92.33 a barrel by 01:02 GMT, while US West Texas Intermediate (WTI) futures fell 35 cents, or 0.40 percent, to US$86.50 a barrel.

Brent settled down 5.85 percent in the previous session after sliding to its lowest since 31st August.