(Reuters) -Oil prices ended little changed on Tuesday, as geopolitical tensions and tight global supplies supported the market even as some speculated that OPEC+ might boost supplies more than expected.

The three largest U.S. drug distributors and drugmaker Johnson & Johnson have agreed to pay $590 million to resolve claims by Native American tribes that the companies fueled an opioid epidemic in their communities, according to court filings.

China has failed to meet its commitments under a two-year "Phase 1" trade deal that expired at the end of 2021, and discussions are continuing with Beijing on the matter, Deputy U.S. Trade Representative Sarah Bianchi said on Tuesday.

A record amount of more than half a trillion dollars of debt was raised in January by companies as issuers scrambled to take advantage of attractive funding conditions before global central banks led by the U.S. Federal Reserve begin a tightening cycle.

Oil prices slipped on Tuesday from seven-year highs, pressured by speculation that producer group OPEC+ could decide to boost supply by more than flagged previously as well as expectations of a rise in U.S. inventories.

LONDON (Reuters) -Oil slipped on Tuesday from seven-year highs, with prices pressured by speculation that producer group OPEC+ could decide to boost supply by more than flagged previously as well as expectations of a rise in U.S. inventories.