<p>Oil prices were little changed on Tuesday after OPEC and allied producers, including Russia, continued deadlocked talks on February output while fuel demand concerns lingered on amid new Covid-19 lockdowns.</p>.<p>Brent crude futures for March rose 8 cents, or 0.2%, to $51.17 a barrel by 0206 GMT, while U.S. West Texas Intermediate crude for February was at $47.74 a barrel, up 12 cents, or 0.3%.</p>.<p>Both contracts fell more than 1% on Monday after the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, failed to agree on February's oil output levels.</p>.<p>Saudi Arabia argued against pumping more because of new lockdowns while Russia led calls for higher production, citing recovering demand.</p>.<p>OPEC+ will resume talks on Tuesday.</p>.<p>"OPEC+ drama is of course steering the latest oil price downgrade, but the heavier hand is likely the still unknown impact of the new strain on economic activity and travel - both factors that warrant a belated mini-price correction after the winter holidays," said Louise Dickson, oil markets analyst at Rystad Energy.</p>.<p>Rising tensions in the Middle East supported oil prices.</p>.<p>Iran's Revolutionary Guards Corps on Monday seized a South Korean-flagged tanker in Gulf waters and detained its crew amid tensions between Tehran and Seoul over Iranian funds frozen in South Korean banks due to U.S. sanctions.</p>
<p>Oil prices were little changed on Tuesday after OPEC and allied producers, including Russia, continued deadlocked talks on February output while fuel demand concerns lingered on amid new Covid-19 lockdowns.</p>.<p>Brent crude futures for March rose 8 cents, or 0.2%, to $51.17 a barrel by 0206 GMT, while U.S. West Texas Intermediate crude for February was at $47.74 a barrel, up 12 cents, or 0.3%.</p>.<p>Both contracts fell more than 1% on Monday after the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, failed to agree on February's oil output levels.</p>.<p>Saudi Arabia argued against pumping more because of new lockdowns while Russia led calls for higher production, citing recovering demand.</p>.<p>OPEC+ will resume talks on Tuesday.</p>.<p>"OPEC+ drama is of course steering the latest oil price downgrade, but the heavier hand is likely the still unknown impact of the new strain on economic activity and travel - both factors that warrant a belated mini-price correction after the winter holidays," said Louise Dickson, oil markets analyst at Rystad Energy.</p>.<p>Rising tensions in the Middle East supported oil prices.</p>.<p>Iran's Revolutionary Guards Corps on Monday seized a South Korean-flagged tanker in Gulf waters and detained its crew amid tensions between Tehran and Seoul over Iranian funds frozen in South Korean banks due to U.S. sanctions.</p>