News Snapshot:
Singapore — Oil prices rose about $1 in volatile trade on Tuesday as tight global supplies outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China. U.S. West Texas Intermediate (WTI) crude rose 96 cents, or 0.8% to $121.89 a barrel at 0634 GMT, while Brent crude futures rose $1.05, or 0.9%, to $123.32 a barrel. Tight global supplies have been aggravated by a drop in exports from Libya amid a political crisis that has hit output and ports, while other producers in OPEC+ struggle to meet their production quotas and Russia...
