Oil hardly moved on Tuesday while dealers considered a variety of competing supply and demand concerns, from escalating Middle East conflicts to cold weather-related delays in US production.

Brent crude rose by 2 cents to $80.08 per barrel to US WTI advanced by 3 cents to $74.79 per barrel.

Monday saw a 2% increase in the two contracts' settlement, as the Drone attack by the Ukrainians on the petroleum export terminal spiked worries about supply and pushed prices higher.

U.S. and British forces have also launched a new wave of attacks in the Middle East, aiming at a Houthi subterranean storage facility as well as missile and monitoring systems utilized by the Houthi organization affiliated with Iran.

Global trade has been hampered and inflation worries have been heightened by the Houthis' attacks on vessels in the Red Sea region. According to the group, they are attacking in support of Palestinians during Israel's assault on Gaza.

Owing to severe cold weather and operational difficulties, 20% of North Dakota's oil production in the United States remained blocked.

A wide range of initiatives have been implemented by Chinese policymakers to support the economy. Making oil traders anxious about the future of demand.