Limiting oil's ascent, Equinor resumed partial production from the Johan Sverdrup field in the North Sea, Western Europe's largest oilfield, the day after a power outage there contributed to a 3% surge in oil price benchmarks. The partial restart and a stronger U.S. dollar weighed on market sentiment on Tuesday, UBS analyst Giovanni Staunovo said.

Oil prices were broadly unchanged on Tuesday as signs of escalation of the Russia-Ukraine war kept investors cautious of supply disruptions, but the partial restart of production in Norway's Johan Sverdrup oilfield limited gains.

Oil prices climbed more than $2 a barrel on Monday after news that crude production at Norway's Johan Sverdrup oilfield had been halted, which added to earlier gains stemming from escalation of the Russia-Ukraine war.