Brent falls as low as $97.44 during Tuesday’s session
Supply disruption fears mount following hefty sanctions on Russian banks
The US is to release 50m barrels of oil from strategic reserves
China ramps up operating rates to meet a spike in diesel demand
Market Beat: Uncomfortable truth for COP 26-bound world leaders as bets laid on $200 barrels of oil
Saudi state oil producer joins other oil majors who have reported strong results in recent weeks
Ministers agreed on Sunday to increase oil supply from August to cool climbing prices
Failure pushes Brent crude prices close to $77 a barrel, the highest since 2018
Brent futures nudge past $60 a barrel, boosted by supply cuts among key producers
Mass rollouts are likely months away and subject to regulatory approvals
Hopes for a swift economic recovery in China limited losses
But prices are still 40% down for the year so far
Demand for crude slumps as coronavirus pandemic continues
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