On Wednesday, oil prices remained stable. Concerns about the upcoming increase in production by OPEC+ groups have been offset by pressures on Canadian supply due to forest fires in this country, while global trade tensions persist

Brent crude futures fell by 18 cents, or about 0.3%, to $65.45 per barrel at 09:05 GMT, while American West Texas Intermediate crude was down 19 cents, also down 0.3%, to $63.22 per barrel. The release of 411,000 barrels per day (bpd) in July by OPEC+ states is weighing on the market, said Janiv Shah, vice president of oil commodity market analysis at Rystad Energy, but the suppression of Canadian production of 344,000 bpd due to forest

Both benchmarks climbed by around 2% on Tuesday to their highest level in two weeks, due to concerns about supply disruptions and expectations that Iran would reject a proposed U.S. nuclear deal that is critical to the easing of sanctions against the main oil producer.