Oil prices eased following a US-Russia agreement on a 30-day energy ceasefire. Brent crude futures fell by 12 cents, or 0.2%, to $70.44 a barrel, while U.S. West Texas Intermediate crude lost 15 cents, or 0.2%, to $66.75. The agreement, proposed by U.S. President Donald Trump, involves a temporary halt to attacks on each other’s energy infrastructure, potentially increasing Russian oil supply to global markets. Although Russian President Vladimir Putin agreed to stop attacking Ukrainian energy facilities, he did not endorse a full 30-day ceasefire. This development could lead to an easing of sanctions on Russian energy, raising oil supply and easing prices. Additionally, U.S. tariffs on Canada, Mexico, and China have raised recession fears, dampening oil demand. However, ongoing turmoil in the Middle East, including U.S. assaults on Yemen’s Houthis and Israeli air strikes in Gaza, limited the declines in oil prices. U.S. crude oil stocks data showed a mixed picture, with crude stocks rising by 4.59 million barrels and fuel inventories falling.