LONDON - Oil prices held steady on Wednesday amid global trade tensions and as ongoing OPEC+ output increases were offset by a hit to Canadian supply from wildfires. Brent crude futures inched 7 cents higher, rising 0.1%, to $65.70 a barrel by 1034 GMT. U.S. West Texas Intermediate crude was 3 cents higher, up around 0.1%, at $63.44.

Some analysts expect the loss in Canadian supply to offset more than half the increases next month planned by OPEC+. "Estimates suggest around 350,000 barrels per day have been affected and shut in," said SEB analyst Ole Hvalbye, referring to the impact of the wildfires.

Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil output increases while Moscow argued for a pause, four OPEC+ sources with knowledge of the talks said.