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Oil trades flat after surprise US gasoline demand drop

Oil futures trade roughly flat Tuesday after a surprise fall in gasoline demand in the United States and as doubts lingered that oil producers can agree to an output freeze to dampen a global supply glut.

U.S. gasoline demand, one of the strongest pillars supporting oil consumption, fell in January for the first time in 14 months, U.S. Energy Information Administration data showed.

The world's largest oil producers are due to meet in Doha on April 17 to negotiate an output freeze, but a jump in Russian oil production to a 30-year high in March has cast doubt over the chances of an output cap being agreed.

Brent crude, the global oil price benchmark, was down 3 cents at $37.66 a...


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