Oil prices held steady in Asian trade after U.S. President Donald Trump eased threats of tariffs on European nations over Greenland. The move reduced concerns of broader trade conflicts that could hamper global growth and energy demand.

Market focus shifted to a fresh build in U.S. crude inventories, with the American Petroleum Institute reporting a 3.04 million barrel increase. Gasoline stocks also rose, suggesting softer demand, while distillate inventories barely moved, reflecting muted heating oil demand.

Prices drew some support from Kazakhstan's halt of output at key oilfields and the International Energy Agency’s upward revision to 2026 demand forecasts. Still, a looming supply surplus keeps traders cautious. WTI futures edged up 0.2% to $60.74, while Brent gained 0.1% to $65.31.

Investors now watch official inventory data from the EIA and OPEC’s production levels. Any sign of deeper supply cuts or renewed geopolitical risks could quickly shift the market's direction.