Oil prices held near a two-week high on Tuesday as investors assessed the latest developments on U.S. tariffs and a higher than expected increase to OPEC+ output for August. Brent crude futures was up 29 cents,

U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners won’t take effect until Aug. 1, rather than July 9.

Futures for Brent crude dropped 47 cents, or 0.69%, to $67.83 per barrel, while West Texas Intermediate (WTI) fell 95 cents, or 1.42%, to $66.05 per barrel. The Organization of the Petroleum Exporting Countries and its allies,