Crude futures edged lower on Tuesday. Weak demand resulting from the global economic crisis together with the resolution of the gas dispute between Russia and the Ukraine continued to depress the market after a fall of around $2/bbl the previous day. There was no floor trading or settlement for the NYMEX light sweet crude (WTI) contract on Monday due to the Martin Luther King public holiday in the US. Therefore WTI price change reflects the decline since last Friday’s settlement.