WTI Crude oil futures traded slightly lower around $69.50 per barrel in Asia electronic trades today, pressured by mixed sentiment. US government data showed a 3.34 million-barrel drop in crude stockpiles last week, the largest since December, boosting demand outlook. However, supply risks remain as Trump's sanctions and tariffs threaten disruptions from producers like Iran and Venezuela. Media reports noted today that India's Reliance Industries, which operates the world's largest refining complex, plans to halt Venezuelan oil imports following the recent tariff announcement. MCX oil futures for the April contract traded ₹10 lower at ₹5981 per barrel. Traders are also assessing the impact of Trump's 25 percent auto levies on future oil demand.

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