Crude oil traded little changed in the trading session on Tuesday amid uncertainty over the issue of Covid-19 restrictions in China.
Although Chinese authorities have denied rumors about its readiness to ease restrictions, the Wall Street Journal said it is considering steps toward reopening.
According to the report, Chinese officials are increasingly worried about the impact of their zero-Covid policy that has devastated many sectors, especially business and manufacturing.
This left uncertainty hovering in the market, seeing crude oil trades show little change in movement.
By the end of the Asian session, Brent oil futures were slightly lower at $97 a barrel, while US WTI was trading at $91 a barrel.
In the meantime, the market is now preparing for the enforcement of the European Union (EU) ban on Russian oil in December which will be followed by the suspension of oil product imports in February.
