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Dec 19 Reuters Oil prices were little changed on Tuesday as investors eyed the impact on oil supply after attacks by Yemen39;s Iranaligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.

Brent crude futures rose 6 cents to 78.01 a barrel at 0726 GMT. The frontmonth U.S. West Texas Intermediate crude futures contract , which expires on Tuesday, fell 18 cents to 72.29 a barrel. The more active secondmonth contract dropped 10 cents, or 0.1, to 72.72.

Given that there has been a prompt collective response from several countries to mitigate attacks, it may not provide much conviction that disruptions may be longlasting and that led to some reservations reflected in oil prices in today39;s session, said Jun Rong Yeap, a market strategist at IG in Singapore.

Both benchmarks rose more than 1 on Monday on concerns about shippers diverting vessels away from the Red Sea.

Oil major BP temporarily paused all transits through the Red Sea and oil tanker group Frontline said on Monday its vessels would avoid passage through the waterway, signs the crisis was broadening to include energy shipments.

About 15 of world shipping traffic transits via the Suez Canal, which connects the Red Sea to the Mediterranean Sea, offering the shortest shipping route between Europe and Asia….