Oil is stable in the area of the lows reached the day before

On Wednesday morning, oil quotes showed slight fluctuations in the area of $66.50 per barrel after a sharp drop a day earlier amid geopolitical uncertainty.

November Brent futures are trading at $66.40, October WTI contracts are near $63 per barrel. 

The pressure on the market was intensified by Donald Trump's statement on the introduction of new duties against India due to its purchases of Russian oil.

According to analysts, due to a combination of tariff conflicts and the Ukrainian crisis, investors are refraining from long-term oil bets.

At the same time, statistics on crude oil reserves in the United States may support prices today: official data from the Ministry of Energy will be published in the evening, and a decrease of about 2 million barrels is expected. Yesterday's API data showed a reduction of almost 1 million barrels.