As the market weighed new US tariff threats against the risk of widespread conflict in the Middle East, international crude oil prices remained steady on June 12.

West Texas Intermediate (WTI) crude for July delivery decreased by US$0.11, reaching US$68.04 per barrel on the New York Mercantile Exchange. Brent crude for August delivery fell by US$0.41 (0.6%), settling at US$69.36 per barrel.