Reuters

Oil prices steadied on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports.

Industrial metals prices fell further on Tuesday as investors grew increasingly nervous that a trade conflict between the U.S. and China could escalate.

European shares made a modest bounce on Tuesday, recovering slightly after trade tensions sent stock markets into a spiral as investors shed risky assets.

Oil prices edged on uncertainty over Libyan oil exports, but gains were dampened by supply increase from OPEC.

Stocks extended a sell-off as escalating trade tussles between the US and other major economies steered investors away from riskier assets.

Bank of Canada Governor Stephen Poloz is under pressure to justify another rate hike or risk credibility by changing course

Investors prepared for an extra 1 million barrels per day (bpd) of oil to hit markets after OPEC agreed to raise production

China said on Monday it would buy more planes and agricultural products from France and work on market access issues, shoring up its trade ties with Europe.

Chinese and EU officials both agreed to oppose unilateralism and trade protectionism during talks in Beijing on a bilateral investment agreement.

The latest episode in a trade dispute between the U.S. and other major economies sent European shares further into a funk on Monday.