Crude prices traded lower Tuesday after rising as high as 75.35 dollars a barrel.
Light, sweet crude oil for August delivery ended 13 cents lower at 74.02 dollars a barrel on the New York Mercantile Exchange ( NYMEX), after hitting 75 a barrel for the first time since August 2006.
The September Brent contract on the ICE Futures exchange fell 76 cents to settle at 75.53 dollars a barrel.
Expectations of a rise in gasoline inventories in this week's Department of Energy oil and petroleum product inventories report have weighed on gasoline prices, said analysts.
The report is scheduled for release Wednesday.
Refinery utilization, which remains below the average of 94 percent of operating capacity for this time of year, is expected to rise by an average 0.5 percentage point to 90.7 percent of operating capacity.
Source: Xinhua
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