Ammon News - Oil prices steadied on Wednesday, after falling in the previous session, as the market watched for fresh developments in the Ukraine war and investors weighed hefty new U.S. tariffs on India, the world’s third-biggest crude consumer.

Brent crude futures rose 1 cent to $67.32 per barrel at 0354 GMT, while West Texas Intermediate (WTI) crude futures were up 8 cents at $63.33.

Both contracts fell over 2% on Tuesday after beginning the week on a two-week high.

Additionally, U.S. plans to impose additional tariffs of 25% on Indian exports at 12:01 a.m. EDT (0401 GMT) on Wednesday, taking them to 50% overall and among the highest levied by Washington, have traders undecided on the market direction.

Reuters