Oil prices remain stable, but quotations broke the upper boundary of a narrow range: $64.50-66.00. Nevertheless, a potential deterioration in global trade is keeping oil from rising. Washington is preparing to announce new tariff rates for dozens of countries, including the EU and Japan. This creates uncertainty about future energy demand. Additional pressure is exerted by OPEC+ decision to increase production by 411 thousand barrels per day in August. Geopolitics and US fiscal policy are once again becoming the main drivers in the oil market.