Oil prices were little changed on Tuesday after the United States and China extended a pause on higher tariffs and data showed a rise in U.S. inflation in July. Brent crude futures lost 36 cents, or 0.

Oil prices rebounded after the U.S. delayed tariffs on China, with markets closely watching upcoming U.S.–Russia talks that could reshape global crude supply risks.

Oil prices largely remain unchanged in early Wednesday trade, stabilising after a drop in the previous session triggered by a rise in US crude inventories. Brent crude futures inched up by 3 cents to $66.