Oil prices steady as worries over Red Sea disruptions ease

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Oil futures were little changed Tuesday as U.S. traders returned from the Christmas holiday, losing ground as worries eased around the potential for significant disruptions to crude supplies as a result of attacks on shipping in the Red Sea.

Price action

Market drivers

Oil futures have seen choppy trade as U.S. market participants return from the Christmas holiday. A number of markets in Europe remain closed Tuesday, making for thin trading conditions.

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