Oil prices steady as economic concerns offset Red Sea supply worries – Markets

Oil prices were little changed in Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns about the U.S. economy against potential supply disruptions from ongoing tensions in the Red Sea.

Brent crude fell 1 cent, or 0.01%, to $75.88 a barrel by 0733 GMT, while U.S. West Texas Intermediate crude futures slipped 8 cents, or 0.11%, to $70.3 a barrel.

Oil prices…