Crude oil prices turned positive on Tuesday as investors eyed market technicals, an equities market bounce and reined in optimism about an early return of Libya's oil exporting capabilities. Gold steadied near $1,420 an ounce on Tuesday as violence in the Middle East boosted the metal's safe-haven appeal, but investors remain cautious towards the metal amid expectations monetary policy is set to tighten. Copper recovered losses on Tuesday from a one-week low, mirroring a rise in equities on improved risk appetite, but small gains were capped by demand concerns, while aluminium hit a 2-1/2 year high.
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