<ul data-eligibleForWebStory="false"><li>Oil prices held steady as traders assessed the increase in US crude stockpiles and the impact of President Trump's tariff policies.</li><li>Brent was near $70 a barrel, while West Texas Intermediate traded around $68, with US inventories reportedly rising by 7.1 million barrels last week, the largest surge since January.</li><li>Investors are closely monitoring US trade policy developments, including Trump's tariff agenda, which could affect demand. The recent Israel-Iran conflict added to oil price volatility, although a fragile truce is currently in place.</li><li>Choppy oil prices in the US are hampering drilling activities, leading to a decrease in the rig count to near four-year lows. WTI and Brent prices showed minor fluctuations in recent trading sessions.</li></ul>

Oil Prices Steady As Industry Report Points To Gain In US Stockpiles

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