Oil prices edged lower in early trade, as concerns over OPEC+'s production plans and unresolved trade tensions continue to cloud sentiment. Brent crude fell 0.4% to $66.58 a barrel, while WTI was down 0.

Oil prices steadied on Tuesday after sliding earlier in the session, with the market weighing expectations of an OPEC+ output hike in August in an upcoming meeting. Brent crude rose 10 cents, or 0.2%,

Oil edged down after its biggest weekly loss in two years as traders speculated on the volume of an expected OPEC+ supply hike and fears of Middle East tensions disrupting global oil flows dissipated.