U.S. crude futures slid in early trade on Tuesday, extending losses from the previous session on the prospect of a sharp drop in fuel demand as Shanghai shut down to curb a surge in COVID cases and as Ukraine and Russia headed for peace talks.
U.S. West Texas Intermediate (WTI) crude futures touched a low of $103.46 a barrel shortly after opening and were down $2.09, or 2%, at $103.87 at 2236 GMT, after dropping about 7% on Monday.
Brent crude futures were poised to open around $3 lower, also after sliding around 7% in the previous session.
