Oil prices decreased due to Russia accepting U.S. President Donald Trump's suggestion for a temporary halt in attacks on each other's energy infrastructures, which may result in increased Russian oil entering the global markets. Brent crude futures dropped by 0.2% to $70.44 a barrel, while U.S. West Texas Intermediate crude lost 0.2% to $66.75. While Russian President Putin agreed to cease attacking Ukrainian energy facilities, he did not fully endorse the 30-day ceasefire requested by Trump. This ceasefire could potentially lead to a relaxation of sanctions, boosting oil supply and lowering prices. Concerns of a potential recession due to U.S. tariffs on Canada, Mexico, and China weighed on oil prices. However, the ongoing turmoil in the Middle East limited the declines. Trump pledged to continue targeting Yemen's Houthis and holding Iran accountable for any disruptions to shipping. Israeli airstrikes in Gaza heightened supply risks from the region. Additionally, U.S. crude oil stock data showed an increase in crude stocks but a decrease in fuel inventories, according to market sources citing American Petroleum Institute figures. Official government data was set to be released on Wednesday.