LONDON—Oil prices fell in a volatile market on Tuesday, as a stronger U.S. dollar and economic uncertainty offset the bullish impact of a price cap placed on Russian oil and prospects of a demand boost in China.
Brent crude futures fell 90 cents, or $1.09 percent, to $81.78 a barrel by 1055 GMT. West Texas Intermediate crude (WTI) fell 79 cents, or $1.03 percent, to $76.14.
Earlier in the session, both contracts fell by more than $1 while Brent rose by over $1 in Asian trading.
Crude futures on Monday recorded their biggest daily drop in two weeks after U.S. services industry data indicated a strong U.S. economy….