Oil prices traded within a narrow range as investors assessed U.S. demand signals and monitored global trade developments.

President Trump's tone has shifted both towards Putin and regarding the continuation of U.S. military support for Ukraine.

Oil prices rose on Thursday after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in the volatile region. Brent crude futures gained 84 cents, or 1.23%, to $69.36 a barrel by 12:10 p.

President Trump now wants to give more weapons to Ukraine and is threatening increased sanctions if Russian President Vladimir Putin doesn't agree to end the war in 50 days. The president explained why in a phone call with our partners at BBC News.

WTI crude oil (CLQ25) on Tuesday closed down -0.46 (-0.69%), and August RBOB gasoline (RBQ25) closed up +0.0042 (+0.19%). Crude oil prices continued to show weakness on Tuesday after President Trump refrained from imposing new sanctions on Russian oil exports on Monday.

Oil prices edged lower on Tuesday after U.S. President Donald Trump's 50-day deadline for Russia to end the Ukraine war and avoid sanctions eased concerns about any immediate supply disruption. Brent crude futures were down 15 cents at $69.