{"id":480299,"date":"2025-12-30T15:28:09","date_gmt":"2025-12-30T15:28:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/480299\/"},"modified":"2025-12-30T15:28:09","modified_gmt":"2025-12-30T15:28:09","slug":"oil-prices-steady-as-russia-ukraine-peace-hopes-fade-yemen-tensions-rise","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/480299\/","title":{"rendered":"Oil prices steady as Russia-Ukraine peace hopes fade, Yemen tensions rise"},"content":{"rendered":"

LONDON, Dec 30 (Reuters) – Oil prices were little changed on Tuesday as investors took stock of dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen.<\/p>\n

Brent crude futures for February delivery , which expire on Tuesday, were up 27 cents, or 0.4%, at $62.21 a barrel at 1426 GMT.<\/p>\n

Sign up here.<\/a><\/p>\n

U.S. West Texas Intermediate crude gained 36 cents, or 0.6%, to $58.44.<\/p>\n

The Brent and WTI benchmarks settled more than 2% higher in the previous session as Saudi Arabia launched airstrikes<\/a> against Yemen and after Moscow accused<\/a> Kyiv of targeting a Russian presidential residence, denting hopes of a peace deal.Russia has said it will toughen its position<\/a> in peace talks after accusing Kyiv of attacking the residence, an allegation that Kyiv dismissed as baseless and designed to undermine peace negotiations.<\/p>\n

“I guess the market has now adapted again its expectation, not looking for any breakthrough for a peace agreement between Ukraine and Russia in the short term,” said UBS analyst Giovanni Staunovo.<\/p>\n

The ongoing U.S. blockade<\/a> of Venezuelan oil and suspension of Caspian CPC Blend<\/a> exports because of poor weather supported prices on Tuesday, he said.<\/p>\n

Adding to supply concerns were strikes by a Saudi Arabia-led coalition on what it described as foreign military support to UAE-backed southern separatists in Yemen.<\/p>\n

Saudi Arabia said on Tuesday<\/a> that its national security was a red line and backed a call for UAE forces to leave Yemen within 24 hours, shortly after a Saudi-led coalition carried out an airstrike on the southern Yemeni port of Mukalla.<\/p>\n

The UAE said it was disappointed with Saudi Arabia’s statement and surprised by the airstrikes on Mukalla.<\/p>\n

The UAE’s Defence Ministry said later on Tuesday it has voluntarily ended the mission of its counterterrorism units in Yemen<\/a>, the only remaining forces it has in the country after ending its military presence in 2019.Traders also watched other Middle East developments after U.S. President Donald Trump said that<\/a> the United States could support another major strike on Iran were Tehran to resume rebuilding its ballistic missile or nuclear weapons programmes.<\/p>\n

Despite renewed fears of potential supply disruptions, perceptions of an oversupplied global market remain and could cap prices, analysts say.<\/p>\n

Prices are likely to trend downwards in the first quarter of 2026 because of a “growing oil glut”, said Marex analyst Ed Meir.<\/p>\n

Reporting by Robert Harvey in London, Anushree Mukherjee in Bengaluru and Sudarshan Varadhan in Singapore; Editing by Jan Harvey and David Goodman<\/p>\n

Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n

Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"LONDON, Dec 30 (Reuters) – Oil prices were little changed on Tuesday as investors took stock of dented…\n","protected":false},"author":3,"featured_media":480300,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[216147,3774,64,1705,217649,216141,216208,165868,165877,165875,165888,216209,165874,165883,217473,217475,165878,216256,165871,217313,165882,217661,165881,216216,165890,216404,217357,216215,217660,217662,217474,217665,165889,165873,216212,165870,165880,165884,217666,216207,217650,103001,217651,5495,217664,31429,165854,216148,67458,217657,165856,217311,217652,217648,216149,165859,217659,217663,217653,15383,217654,165860,33106,217655,217656,175344,217646,217658,216158,217647,165846,216157,67,132,68,131,83854,217353],"class_list":{"0":"post-480299","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-amers","9":"tag-asia","10":"tag-business","11":"tag-com","12":"tag-cru","13":"tag-cwp","14":"tag-destabn","15":"tag-destabx","16":"tag-destbnx","17":"tag-destc","18":"tag-destd","19":"tag-destdnp","20":"tag-deste","21":"tag-destfun","22":"tag-destgbn","23":"tag-destgfn","24":"tag-destgro","25":"tag-destj","26":"tag-destm","27":"tag-destmetop","28":"tag-destmtl","29":"tag-destnoinbsm","30":"tag-desto","31":"tag-destocabsm","32":"tag-destoil","33":"tag-destortao","34":"tag-destoukbsm","35":"tag-destousbsm","36":"tag-destousnrg","37":"tag-destozabsm","38":"tag-destpen","39":"tag-destptd","40":"tag-destrbn","41":"tag-destrnp","42":"tag-destseabs","43":"tag-destsof","44":"tag-destu","45":"tag-destucdptest","46":"tag-destuki","47":"tag-destz","48":"tag-drv","49":"tag-emea","50":"tag-ener","51":"tag-energy","52":"tag-enff","53":"tag-eng","54":"tag-enr","55":"tag-europ","56":"tag-fin","57":"tag-gb","58":"tag-gen","59":"tag-meast","60":"tag-metl","61":"tag-mktrep","62":"tag-namer","63":"tag-nrg","64":"tag-o-r","65":"tag-oilg","66":"tag-ostr","67":"tag-pgm","68":"tag-plat","69":"tag-pol","70":"tag-potus","71":"tag-premtl","72":"tag-prod","73":"tag-rep","74":"tag-repistorage","75":"tag-repitransport-fuels","76":"tag-topcmb","77":"tag-topicenergy-oil-gas","78":"tag-topicmarkets-commodities-energy","79":"tag-topnws","80":"tag-united-states","81":"tag-unitedstates","82":"tag-us","83":"tag-war","84":"tag-wash","85":"tag-weu"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/480299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=480299"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/480299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/480300"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=480299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=480299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=480299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}