Energy Prices Give Up Their Monday Gains

Investors awaited weekly inventory reports on Wednesday

MARKETSCOPE : Oil prices were mixed in a seesaw session on Tuesday, as investors eyed the weather and made their bets ahead of supply news.

January West Texas Intermediate edged up 3 cents to $59.94, January heating oil futures fell 1.76 cents to 177.20 cents, and January gasoline fell 63 cents to 158.35 cents. The weekly release of a Department of Energy inventory report on Wednesday is expected to show increases in supply.

January natural gas futures fell 17 cents to $13.49, after weather in the Northeast proved better than forecast.

Meanwhile investors continued waiting to see how the Organization of Petroleum Exporting Countries moves on output when it meets next week.

Before it's here, it's on the Bloomberg Terminal.