Dhaka, Jan. 29 -- Oil prices dipped on Wednesday, giving up some of last session's gains, as a rise in US crude stockpiles and easing worries over Libyan supplies weighed, although potential US tariffs on Canadian and Mexican imports checked losses.

Brent crude futures fell 07 cents, or 0.1 per cent, to $77.42 a barrel by 0708 GMT, while US crude futures dipped 07 cents, or 0.1 per cent, at $73.70 a barrel, reports Reuters.

"While markets are tackling demand side pressures, easing backdrop on supply side is equally weighing over oil prices," said Priyanka Sachdeva, senior market analyst at Phillip Nova in Singapore.

"Markets are under pressure with Trump's plans to boost US oil production and await further clarity on Trump's energy pol...