Sharjah24 – Reuters: Oil prices slipped on Tuesday after two straight sessions of gains as the passage of a U.S. infrastructure bill, Chinese exports and the global post-pandemic recovery lifted the outlook for fuel demand.

Brent crude was down 10 cents at $83.33 a barrel by 0410 GMT, after gaining 0.8% on Monday. U.S. oil was down 6 cents at $81.87 a barrel, also after a 0.8% gain the previous day.

U.S. President Joe Biden's long-delayed $1 trillion infrastructure bill - which passed through Congress at the weekend - and better-than-expected Chinese exports helped paint a picture of a more expansive global economy.

"The big unknown is whether economies can achieve growth amid the current high price environment, or potentially in an even higher price scenario," said Rystad Energy senior oil markets analyst Louise Dickson.

JPMorgan Chase commodities analysts said global demand for oil in November was already nearly back to pre-pandemic levels of 100 million barrels per day (bpd).

"More consumption growth lies in wait once travel begins in earnest and jet fuel demand picks up,"