oil futures rose tuesday finding support as china implemented fresh covid19 restrictions and worries remained over supply disruptions in libya beijing implemented a mass testing program monday after a covid outbreak tied to a nightclub and put other restrictions in place “the easing of covidrelated restrictions in china should have provided a further boost to sentiment in the market however a flareup of cases in beijing and shanghai more recently has seen authorities tighten restrictions once again china’s covidzero policy remains a downside risk for the market” said warren patterson head of commodities strategy at ing in a note the organization of the petroleum exporting countries on tuesday left its forecast for 2022 growth in oil demand broadly unchanged at 34 million barrels a day on the supply side the organization revised down its forecast for nonopec liquids growth in 2022 to 21 million barrels a day down by 250000 barrels a day from its may estimate that’s equal to the downward revision for russia’s 2022 production while the forecast for us liquids supply growth was marginally unchanged at 13 million barrels a day the white house on tuesday said president joe biden will visit saudi arabia in july as part of a trip to the middle east the visit which had long been speculated is seen as an effort to mend relations with the kingdom meanwhile libyan oil minister mohamed oun told bloomberg on monday that the country’s daily output was down about 11 million barrels implying that libya is pumping only around 100000 barrels a day