Oil prices slid on Tuesday as the Suez Canal reopened to traffic and the dollar rallied, while focus turned to an OPEC+ meeting this week, where analysts expect an extension to supply curbs to offset dim demand prospects.
Brent crude fell $1.20 at $63.78 a barrel, while West Texas Intermediate U.S. oil was down by $1.28 at $60.28 barrel.
Ships were moving through the Suez Canal again a day after tugs refloated the Ever Given container carrier, which had blocked the passage for almost a week.
The canal's chairman says the backlog of 422 ships could be cleared in three and a half days.
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