Oil keeps holding at level close to $67 per barrel amid new threats of trade conflict between the US and China and growing US inventories, Bloomberg reports.

Futures in New York are stable today after they lost 0,8% on Monday. US informed about preparing tariffs on left volumes of Chinese imports, in case if new round of negotiations between the leaders of two countries does not have success. Meanwhile, US inventories have been growing six weeks in a row.

Oil prices lost more than 5% this month, and these are the biggest losses since July 2016.

Later this week US sanctions against Iran will take effect, and oil price might go in another direction.

WTI oil price is $67,11 per barrel today. Yesterday it closed at $67,04 a barrel. Brent is traded for $77,05 per barrel. On Monday price fell by 0,4% to $77,34.

It is expected that US oil stocks rose by 3,11 million barrels last week.