Representative imageOil prices were little changed on Tuesday, after rising 1% in the previous session, as Libya was forced to halt some exports and as manufacturers in China prepared to reopen factories after a nearly three-week COVID-19 shutdown in Shanghai. The latest supply hit came just as fuel demand in China, the world's largest oil importer, was expected to pick up as manufacturing plants prepared to reopen in Shanghai. Meanwhile the possibility of a European Union ban on Russian oil for its invasion of Ukraine continues to keep the market on edge. "Market sentiment was supported by the Russian minister saying more countries banning Russian oil imports would mean oil prices exceeding historic highs," ANZ Research analysts said in a note. Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

Source: Libya Today April 19, 2022 01:22 UTC