Oil holds near year-long highs as Covid-19 lockdowns seen easing

Topics Coronavirus | Crude Oil

By Laura Sanicola NEW YORK (Reuters) - Oil prices were steady on Tuesday, trading close to more than year-long highs on signs that global coronavirus restrictions were being eased although concerns about the pace of a U.S. economic recovery and the return of Texas oil production kept gains in check. Brent crude rose 9 cents to $65.33 a barrel by 1:56 p.m. EST (1856 GMT), still close to its highest levels since January 2020.

U.S. crude fell 13 cents, or 0.2%, to $61.57 a barrel. Both contracts rose more than $1 earlier before retreating. Shale.

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