Crude-oil futures edged lower in Asian trade Tuesday as the U.S. dollar strengthened, while sentiment was cautious ahead of the outcome of a key meeting of top Chinese leaders on the country’s economic reform. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $94.83 a barrel at 0550 GMT, down $0.31 in the Globex electronic session. December Brent crude on London’s ICE Futures exchange fell $0.23 to $106.17 a barrel. Oil had settled higher in overnight floor trade on signs of strength in the U.S. economy and after weekend talks between Iran and Western leaders failed to produce a formal agreement on Tehran’s nuclear program. However, Iran Monday agreed to allow the United Nations to conduct additional inspections of its nuclear sites. The secretary general of the Organization of the Petroleum Exporting Countries, Abdalla El-Badri, was also hopeful that sanctions against Iran […]