Oil prices slipped for a second day on Thursday after U.S. crude stockpiles rose more than expected, though attention remained on tariffs threatened by U.S. President Donald Trump on Mexico and Canada,

Trump, in a speech delivered remotely to the World Economic Forum’s annual meeting in Davos, Switzerland, last week, called on Saudi Arabia and OPEC to boost oil production and bring down prices. OPEC+ members haven’t responded publicly, but top ministers are due to meet Monday in a regularly scheduled online meeting.

Oil prices steadied on Wednesday as investors weighed the impact of potential U.S. tariffs on Canadian and Mexican imports, while largely shrugging off an increase in U.S. weekly crude inventory. Brent crude futures fell 2 cents to $77.

Oil prices fell on Wednesday, with the U.S. benchmark settling at its lowest year to date, after domestic crude stockpiles in the world's top petroleum producer and consumer rose more than expected last week.