Oil prices fell slightly on Thursday as the possibility of U.S. tariffs being reinstated raised questions about demand ahead of an expected supply boost by major producers.

OPEC+ is set to consider extending its run of super-sized production increases at a meeting next month, as group leader Saudi Arabia leads a push to recoup market share.

Oil prices pulled back during Asian trading on Thursday, giving up some of the strong gains recorded in the previous session after U.S. government data showed a larger-than-expected increase in crude stockpiles.