Oil prices stabilized on Wednesday. Investors are evaluating the impact of potential U.S. tariffs on Canadian and Mexican imports, while largely ignoring the increase in weekly crude oil inventories in the United

Brent futures lost 2 cents to $77.47 per barrel at 0132 GMT, while U.S. crude futures were at $73.81 per barrel, up 4 cents, or 0.1%. The crude market reacted little to the weekly US data. Crude oil and gasoline inventories rose last week, while distillate inventories fell, market sources said, citing figures from the American Petroleum Institute on Tuesday. According to official statements, the Saudi energy minister and several of his OPEC+ counterparts met following Trump's call for lower oil prices and ahead of a meeting next week of OPEC+ oil-producing countries