Oil Falls as Recession Fears Boost Demand Concerns

Oil Falls as Recession Fears Boost Demand Concerns
Oil storage containers are seen, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, Calif., on April 7, 2021. Lucy Nicholson/Reuters
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LONDON—Oil prices slipped on Tuesday, reversing earlier gains, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by an expected production cut in Norway.

Brent crude fell $1.49, or 1.3 percent, to $112.01 a barrel by 1020 GMT.