Oil moves lower on Ukraine talks, weak China data

Oil prices fell in early trading on Tuesday, adding to the previous session’s losses, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations of a potential easing of sanctions.

Brent crude futures fell 24 cents, or 0.40%, to $60.32 a barrel by 0101 GMT, and U.S. West Texas Intermediate crude was trading at $56.60 a barrel, down 22 cents, or 0.39%.