Oil prices remained stable as traders assessed the impact of increased US crude stockpiles and new tariff rates set by President Donald Trump.
US crude inventories rose by about 7.1 million barrels last week, marking the largest build since January.
Global markets are responding to Trump's tariff actions, with concerns about retaliation from targeted nations affecting oil prices.
Despite OPEC+ deciding to increase output more than expected, oil prices are slightly up this week, with worries about a surplus later in the year as peak demand weakens.