Global oil prices eased below $83 a barrel in Asian trade Tuesday after an overnight surge as ongoing strike in France threatened to disrupt European supplies.
Light sweet crude for November delivery was seen trading at $ 82.74 a barrel at 12 noon Singapore time while Brent crude was seen trading at $ 83.95 a barrel in London.
The more-actively traded December contract slipped as much as 43 cents, or 0.5 percent, to $83.37 a barrel.
Most of France's oil refineries shut down production last week as part of a nationwide movement against plans to raise the retirement age from 60 to 62, and protests escalated on Monday with truck drivers blocking access to depots.
French petrol distributors said separately that pumps were starting to run out, with the UIP estimating that 1,500 out of 4,000 major service stations were affected.
A rising dollar also influenced oil prices as the greenback rose 0.4 percent against a basket of currencies Tuesday.
American Petroleum Institute's (API) will release its weekly supply statistics on Tuesday followed by government statistics from the Energy Information Administration on Wednesday.
On Monday, oil prices rose sharply as light sweet crude for delivery in November, gained $1.83 to $83.08 a barrel, paring Friday's sharp declines. London's Brent North Sea crude for December added $1.92 to $84.37 a barrel
Light sweet crude for November delivery was seen trading at $ 82.74 a barrel at 12 noon Singapore time while Brent crude was seen trading at $ 83.95 a barrel in London.
The more-actively traded December contract slipped as much as 43 cents, or 0.5 percent, to $83.37 a barrel.
Most of France's oil refineries shut down production last week as part of a nationwide movement against plans to raise the retirement age from 60 to 62, and protests escalated on Monday with truck drivers blocking access to depots.
French petrol distributors said separately that pumps were starting to run out, with the UIP estimating that 1,500 out of 4,000 major service stations were affected.
A rising dollar also influenced oil prices as the greenback rose 0.4 percent against a basket of currencies Tuesday.
American Petroleum Institute's (API) will release its weekly supply statistics on Tuesday followed by government statistics from the Energy Information Administration on Wednesday.
On Monday, oil prices rose sharply as light sweet crude for delivery in November, gained $1.83 to $83.08 a barrel, paring Friday's sharp declines. London's Brent North Sea crude for December added $1.92 to $84.37 a barrel
