TOKYO—Oil prices edged lower on Tuesday but remained near multi-year highs, supported by a global supply shortage and strong demand in the United States, the world’s biggest consumer.
Brent crude was down 55 cents, or 0.6 percent, at $85.44 a barrel by 0922 GMT. U.S. oil dropped 56 cents, or 0.7 percent, to $83.20.
