Oil volatile as Libya outage fuels supply woes, Shanghai prepares to reopen | Reuters
Oil prices see-sawed on Tuesday as investors fretted over tight global supplies after Libya halted some exports and as factories in Shanghai prepared to reopen post a COVID-19 shutdown, easing some demand worries.
Brent crude was down 26 cents, or 0.23%, to $112.90 a barrel at 0643 GMT, after rising more than $1 to $114.21 earlier in the session.
U.S. West Texas Intermediate crude fell 45 cents, or 0.42%, to $107.76 a barrel, after rising to $108.92 earlier.
Prices came under pressure with the dollar trading at a fresh two-year high. A firmer greenback makes commodities priced in dollars more expensive for holders of other currencies.
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