MTECHTIPS CRUDEOIL

MTECHTIPS:-CRUDE OIL

Brent crude edged down near $109 a barrel on Tuesday as investors watched for any impact on markets from Hurricane Sandy, which crashed ashore on the U.S. East Coast, closing refineries, roads and airports. Speculators have cut their net long positions in Brent crude oil and gasoil futures and options after three weeks of increases, data from the Intercontinental Exchange (ICE) showed, as an impending restart at Britain's largest oilfield Buzzard cooled prices. Outlook: Crude is expected to expected to  trade with negative  bias on account of Sandy storm, however downside was protected by Geo political tensions in middle east.