Oil prices fell over 1% on Wednesday after a U.S. crude supply unexpectedly rose, but losses were limited after the U.S. Treasury Secretary said President Donald Trump could leverage sanctions at a meeting with Russian President Vladimir Putin.

Oil was little changed after slumping 5% last week as investors await details from US President Donald Trump’s meeting with Russian President Vladimir Putin to gauge the trajectory of supply additions to the global market.

The administration is increasingly seeking to fold non-tariff-related trade disputes into trade negotiations. President Donald Trump on Monday extended a tariff truce with China for another 90 days, setting the stage for broader negotiations between the world’s two biggest economies.

The executive order staves off triple-digit duties on Chinese goods as U.S. retailers prepared for the critical end-of-year holiday season.