SINGAPORE: Oil lacked clear direction on Tuesday as markets monitored President Donald Trump's threats of higher U.S. tariffs on European nations over his desire to buy Greenland, while a weaker dollar and better than expected economic data from the world's top oil importer China provided a floor to prices.
Brent futures for March seesawed, rising earlier in the day but by 0740 GMT were down 16 cents, or 0.3%, at $63.78 a barrel, while the U.S. West Texas Intermediate crude contract for February, which expires on Tuesday, was up 14 cents, or 0.2%, at $59.58.
