Brent crude oil futures hovered around $72.5 per barrel on Wednesday, holding at a five-week high, supported by supply concerns after President Donald Trump pressured Russia with a shortened timeline to end the conflict in Ukraine. Trump gave Moscow a ten-day deadline to propose a satisfactory resolution or face consequences, including the imposition of 100% secondary tariffs on countries continuing to trade with Russia. Such measures could significantly disrupt the oil market, as major US trading partners - key buyers of Russian crude - may scale back or halt purchases amid rising compliance risks. Adding to the upward pressure, the US–EU trade deal, despite introducing a 15% tariff on most EU goods, averted a broader trade war that could have impacted a third of global trade and weakened fuel demand. On the downside, prices faced some pressure after EIA data revealed a surprise 7.7 million-barrel build in US crude inventories, defying expectations of a 2 million-barrel decline.