Crude oil futures dropped on Tuesday as the US dollar gained. Further raising concerns over sluggish global further resulted in pressure on oil futures. Crude oil futures contract for October delivery fell 0.5 percent or $0.43 to $86.02 per barrel on New York Mercantile Exchange.

The respective contract posted slight gains on the news of increase in ISM’s services index to 53.3 percent for the month of August but later declined on stronger US dollar and bearish stock markets. Another negative news that affected the crude oil prices was the aftermath of Tropical Storm Lee which has resulted in ceasing of 60 percent of oil production in Gulf of Mexico.

Among other energy commodities gasoline futures contract for October delivery fell 0.6 percent or $0.02 to $2.82 per gallon. Heating oil futures contract for October delivery advanced 0.4 percent or $0.01 to $3.01 per gallon while natural gas futures contract for October delivery gained 1.7 percent or $0.07 to $3.94 per million British thermal units.