Oil slipped on Tuesday, pressured by COVID-19 lockdowns in China which could weigh on demand, but finding support from a possible European oil embargo on Russia over its invasion of Ukraine. Beijing, reporting dozens of new cases daily, is mass-testing residents to avert a lockdown similar to Shanghai’s over the past month. The capital’s restaurants were closed for dining in, and some apartment blocks were sealed shut. read more Brent crude was down $1.22, or 1.1%, at $106.36 a barrel at 0812 GMT. U.S. West Texas Intermediate (WTI) crude dropped 50 cents, or 0.5%, to $104.67. “The positive driver has been the EU embargo and whether that will be announced,” said Commonwealth Bank […]