Oil Prices Hold Steady in Narrowest Range Since 2021

Market awaits US economic data as geopolitical tensions and weather-related disruptions impact supply.

Oil prices have been trading within a tight $2 range, the narrowest since 2021.
West Texas Intermediate and Brent crude both saw minor gains this week.
Investors are focusing on future contracts for 2025 amid current market uncertainty.
Geopolitical tensions and weather disruptions are creating supply concerns.
US economic data and potential Federal Reserve rate cuts are key factors for market direction.