Oil Prices Steady Amid Global Tensions and Weather Disruptions

Concerns over China's economic recovery add to the complex global oil market dynamics.

Oil prices remain steady amid conflicting global factors, including rising tensions in the Middle East, cold weather disruptions in the US, and concerns over China's economic recovery.
Ukrainian drone strike on Novatek's Ust-Luga fuel export terminal raises supply concerns, but analysts expect large-scale operations to resume within weeks.
US and British forces carry out fresh round of strikes on Houthi positions in Yemen, disrupting global shipping and stoking inflation fears.
20% of North Dakota's oil output remains shut due to extreme cold and operational challenges.
Concerns over China's economic recovery persist, as domestic consumption remains tepid despite measures to shore up the economy.