NEW YORK (Reuters) -Oil prices steadied on Tuesday after choppy trade as tight supply worries offset concerns over a possible recession and China's COVID-19 curbs.

NEW YORK (Reuters) -Oil prices were near flat on Tuesday after choppy trade as tight supply worries offset concerns over a possible recession and China's COVID-19 curbs.

The U.S. dollar index hit nearly a one-month low on Tuesday after European Central Bank President Christine Lagarde said euro zone interest rates will likely be in positive territory by the end of the third quarter, giving the euro a boost.

State officials and manufacuturers are working out whether baby formula imported from outside the United States to address severe supply shortages will be available to families who rely on government discounts to make it affordable, a U.S. Department of Agriculture (USDA) official said on Tuesday.

An official at the U.S. Securities and Exchange Commission said on Tuesday that "significant issues remain" in reaching a deal with China over a long-running dispute around auditing compliance of Wall Street-listed firms based in Beijing.

WASHINGTON (Reuters) -The Fed's stock of Treasury bonds and mortgage backed securities is projected to decline by roughly $2.5 trillion by mid-2025, to about $5.9 trillion, when the central bank's run-off of assets is likely to be halted to maintain an adequate level of bank reserves, the New York Fed said on Tuesday.