Investing.com – Oil prices were mixed Tuesday as the surge after the Saudi-Russian pact on Monday evaporated.
Brent crude was down 22 cents, or 0.46% at $47.41 at 07:00 ET, while U.S. crude added 1.22% to $44.98.
There are doubts about whether Russia and Saudi collaboration to stabilize the market will result in a freeze in output.
Saudi Energy Minister Khalid Al-Falih said after the deal with Russia he sees no need for a production cap.
Major producers are to hold informal talks in Algeria later this month.
The dollar was lower, underpinning demand for oil.