Oil prices were mixed in early Asian trade on Wednesday after falling to their lowest settlement levels this year as economic uncertainty and the prospect of higher interest rates pressured prices.
Brent crude futures rose 17 cents, or 0.2 per cent, to $79.52 a barrel. Last session the benchmark fell below $80 for the second time in 2022.
US crude futures fell 3 cents to $74.22 a barrel.
Tuesday’s slump was the largest daily decline in Brent prices since late September, which have traded in a $62 range this year.
