On Tuesday, oil prices remained stable in early Asian trade. Investors are waiting for inflation data to assess future US monetary policy.

West Texas Intermediate (WTI) crude oil futures for July were at $78.68, up 96 cents, or 1.2%, from the close on Friday, after trading during a U.S. holiday to mark Memorial Day with no settlement. The Brent contract for the month of July lost 3 cents to $83.07 per barrel at 00:38 GMT. The August contract, which was more active, fell 4 cents to $82.85. Oil prices rose by more than 1% on Monday in moderate trade due to bank holidays in Britain and the United States after a depressing week characterized by the outlook for American interest rates in the face of galloping inflation