Oil steadied as traders weighed signs of swelling US crude stockpiles and the fallout from President Donald Trump's tariff regime.
West Texas Intermediate held near $68 a barrel after a two-day gain. Brent closed above $70 on Tuesday. US inventories rose by 7.1 million barrels last week, according to the American Petroleum Institute.
That would be the largest increase since January if confirmed by government data on Wednesday.
Investors continue to monitor US trade policy and any impact on demand, with Trump vowing to push ahead with his tariff agenda in coming days and stressing he would not offer additional extensions on country-specific levies. Sweeping duties on America's trading partners have rattled financial markets.
Source: Bloomberg
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