Oil prices fall as supply levels hold up but uncertainty remains

The FTSE 100 had a mixed day, eventually closing up just one point as conflicting reports left investors to sit on their hands.

Workers refuel the tank at a petrol station in Saudi Arabia (Amr Nabil/AP)

By PA City Staff

Oil remained the dominant factor in the minds of traders on Tuesday as conflicting reports throughout the day left the price of a barrel of Brent crude fluttering.

The highs of Monday, with oil getting to more than 70 dollars a barrel in the first trading since the attack on a refinery and oil field in Saudi Arabia, dissipated as proclamations from US President Donald Trump and the Saudis that they would tap into reserves calmed fears.