Brent crude futures fell 46 cents to $85.45 a barrel by 1017 GMT, while U.S. West Texas Intermediate crude was down 38 cents at $79.88
Oil prices edged lower on Tuesday in volatile trade as weak demand data from China and a gloomy economic outlook weighed.
“The outlook remains highly uncertain though which should ensure oil prices remain highly volatile,” Erlam added. In further bearish news, China’s factory activity shrank in December as surging COVID-19 infections disrupted production and weighed on demand after Beijing largely removed anti-virus curbs.
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