Oil moves mixed on easing lockdowns, looming storage shortage

London: Oil prices were mixed on Tuesday as optimism about the easing of coronavirus-related restrictions reassured markets, although traders remained cautious with storage capacities filling up fast and supply cuts not deep enough to counter falling demand.

Brent crude rose 78 cents, or 4%, to $20.77 a barrel at 1338 GMT, following a 6.8% slide on Monday.

U.S. West Texas Intermediate (WTI) crude was down 46 cents, or 4%, at $12.32 a barrel. The contract plunged 25% on Monday.