Oil futures were little changed in Asia on Wednesday as hopes of improved Chinese demand offset uncertainty about how a Western cap on Russian oil prices would play out, keeping markets on edge after a sharp fall in the previous session.

Oil steadies after fall as China demand revival hopes offset Russia price cap uncertainty

Brent crude ended the session up 74 cents, or 1.7%, at $45.17 a barrel, while West Texas Intermediate oil settled 49 cents, or 1.2% higher, at $42.19 a barrel.

Oil prices hit 5-month high as U.S crude stocks fall

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Oil steadies after fall as China demand revival hopes offset Russia price cap uncertainty

Oil prices hit 5-month high as U.S crude stocks fall