Oil steadied after an industry report indicated a large increase in US crude stockpiles, as the market continued to watch for more trade salvos from President Donald Trump.

Brent was below $77 per barrel after adding almost 4% over the previous three sessions. West Texas Intermediate was near $73. Nationwide inventories rose by 9 million barrels last week and fuel stockpiles fell, the American Petroleum Institute reported.

The market will be watching official figures later Wednesday to see if Canadian crude flows to the US climbed further last week following tariff threats from Trump. The stockpile build would be the biggest in a year if confirmed by Energy Information Administration data.

The start of the year has been bumpy for oil. Prices initially gained on higher heating demand due to a cold Northern Hemisphere winter and US sanctions against Russia’s crude industry, but Trump’s tariffs have threatened trade wars on multiple fronts and dragged futures lower the past three weeks.

“We expect Brent and WTI to remain range-bound between $70 and $80, awaiting a catalyst,” said Stefano Grasso, senior portfolio manager at Singapore-based fund 8VantEdge Pte. “On the bullish side, stricter sanctions on Iran or Russia could drive prices higher.”

There are signs US sanctions are impacting Russian crude flows. Several million barrels from platforms in the Pacific are stranded after the shuttle tankers that hauled them to China were blacklisted, while Chinese refiners are being offered the ESPO grade at lower prices to entice buyers.

Traders will get a snapshot on the market when OPEC releases its monthly oil market report later Wednesday, which will be followed with an outlook from the International Energy Agency on Thursday.