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What to Watch Tuesday: Oil Traders Await API Crude Report

Several key economic reports are in focus Tuesday starting with motor vehicles sales, which will come out during the day from the individual auto makers. Other reports expected include the Redbook, due out at 8:55 a.m. Eastern, followed by the crude oil inventory data from the American Petroleum Institute in the afternoon.

Oil traders will be awaiting this report because it comes right before the closely watched report from the EIA on Wednesday morning and will give investors...