Brent crude oil futures stabilized at approximately $74 per barrel on Wednesday as the markets anticipated potential US reciprocal tariffs poised to further intensify the global trade conflict. The White House withheld specific details regarding the size and scope of these tariffs but indicated their immediate implementation following Wednesday's announcement. President Trump's assertions that these levies would affect numerous countries have sparked unease over potential economic repercussions that might dampen energy demand. Concurrently, oil prices have been bolstered by Trump's recent threats to impose additional tariffs on Russian oil and to tighten sanctions on Iran, reinforcing his maximum pressure strategy aimed at limiting their export capabilities. In other developments, API data revealed a 6 million barrel increase in crude oil inventories, while gasoline stocks decreased by 1.6 million barrels. Investors are also turning their attention to the forthcoming OPEC+ meeting scheduled for later this week.