US crude eases 1% as traders weigh supply risks

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May 5 : U.S. crude futures eased 1 per cent in early Asian trade on Tuesday as the market gauged the impact of Iranian attacks on ships in the Strait of Hormuz and a fire at a UAE oil port.

U.S. West Texas Intermediate was at $105.36 a barrel, down $1.06, or 1 per cent, by 2203 GMT, following a more than 4 per cent gain in the previous session.

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