* Worldwide coronavirus cases cross 90.37 million - poll
* U.S. crude stockpiles seen down for fifth week - Reuters
poll
* Coming up: API oil inventory data at 2130 GMT
By Jessica Jaganathan
SINGAPORE, Jan 12 (Reuters) - Oil prices slipped on Tuesday
as investors remained concerned about climbing coronavirus cases
globally, though an anticipated drawdown in crude oil inventory
in the United States for a fifth straight week stemmed losses.
After falling on Monday, Brent crude oil futures LCOc1
slipped by 9 cents, or 0.2%, to $55.57 a barrel by 0135 GMT
while U.S. West Texas Intermediate (WTI) CLc1 fell by 8 cents,
or 0.2%, to $52.17 a barrel.
Worldwide coronavirus cases surpassed 90 million on Monday,
according to Reuters tally, as nations around the globe scramble
to procure vaccines and continue to extend or reinstate
lockdowns to fight new coronavirus variants.
"I think the market will be rapid to conclude that
yesterday's modest pullback in price, provided the virus spread
in China remains contained, was but a blip on the radar screen,"
said Stephen Innes, chief global market strategist at Axi in a
note, citing the prospect of increased economic stimulus in the
United States.
President-elect Joe Biden, who takes office on Jan. 20 with
his Democratic party in control of both Houses, has promised
"trillions" in extra pandemic-relief spending.
U.S. crude oil stockpiles likely fell for a fifth straight
week, while refined products inventories were seen up last week,
a preliminary Reuters poll showed on Monday. EIA/S
The poll was conducted ahead of reports from industry group
American Petroleum Institute on Tuesday and the Energy
Information Administration (EIA), the statistical arm of the
U.S. Department of Energy, on Wednesday.
Brent could rise to $65 per barrel by summer 2021, Goldman
Sachs said, driven by Saudi cuts and the implications of a shift
in power to the Democrats in the United States. The Wall Street
investment bank had previously predicted oil would hit $65 by
year-end.