Crude-oil futures tumbled again in Asian trade Tuesday after posting new lows for the year in overnight trade. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at $85.07 a barrel at 0424 GMT, down $0.67 in the Globex electronic session. November Brent crude on London’s ICE Futures exchange fell $0.73 to $88.16 a barrel. Later Tuesday, the International Energy Agency will publish its monthly oil market report, while the more closely-watched weekly U.S. stockpile data are due Thursday. Market participants are increasingly of the view that much of the recent selloff is overdone and has been much steeper than warranted by weak demand and supply fundamentals. “The large downward move in oil over the past two weeks was mostly speculative, in our view. While the market remains oversupplied and lower OPEC production should be required, we see few signs […]