The August WTI crude oil futures contract in NYMEX ACCESS trade at 17:15 Tokyo time on Tuesday was at $47.62 per barrel (bbl), down $1.37 from the closing price in New York last Friday while the September Brent contract in ICE After Hours Trading was at $48.95/bbl, down $1.15. "Prices took a hit amid continued position adjustments by investors, most of which took place in the form of selling," Shinichiro Shiraki, a director at Astmax Asset Management said. During trade in the afternoon session, WTI crude prices were down by 3% compared to the closing price on Friday. Meanwhile, the Nikkei Stock Average lost 106.47 points to end the day at 15,669.33, marking the first drop in seven business day as the dollar traded at 101.78 to the yen.

RECX-22 index for Tuesday was at 70.55 points, up 0.81 points from the previous day.