Crude oil remained gloomy in a slow trading session on Tuesday amid fresh indications from OPEC+ to try to avoid a fall in prices.
In the Asian session, Brent oil futures traded little changed at $84 per barrel, while US WTI oil traded at around $77 per barrel.
Iraqi Oil Minister Ihsan Abdul Jabbar said on Monday that the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia, known as OPEC+ are monitoring the oil price situation.
In addition, he also said that they want to maintain balance in the market.
The statement initially helped to provide some support for oil trading, but then declined due to a stronger US dollar.
Uncertainty over supply disruptions caused by the Russia-Ukraine war, along with the tightening of monetary policy by central banks around the world that threatens economic recession also restrained prices from moving higher.
