Oil prices remained stable on Wednesday following a decline in the previous session, driven by worries that new U.S. tariffs, expected to be announced later in the day, could escalate a global trade war and reduce crude demand.
Brent futures were down by 2 cents, reaching $74.47 a barrel by 0016 GMT, after falling 0.4% on Tuesday. U.S. West Texas Intermediate crude futures rose by 1 cent to $71.21, following a 0.4% drop. On Monday, prices had hit their highest level in five weeks.
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