Oil steadies after choppy trade, US says export ban not ruled out


Brent crude LCOc1 rose 14 cents to settle at US$113.56 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 fell 52 cents to settle at $109.77 a barrel.

Oil prices steadied on Tuesday after choppy trade as tight supply worries offset concerns over a possible recession and China's COVID-19 curbs.

Prices turned negative after U.S. Energy Secretary Jennifer Granholm said President Joe Biden had not ruled out using export restrictions to ease soaring domestic fuel prices.

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Oil price , Brent , oil , West Texas Intermediate , WTI , Russia , Ukraine , export , ban ,

   

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