Recent gains eroded by mixed market drivers, says analyst
Trump tariffs could dampen global oil demand growth
Higher U.S. crude stocks also pressure prices

LONDON, Jan 23 Reuters Oil prices were little changed on Thursday, maintaining the previous session39;s losses on uncertainty over how U.S. President Donald Trump39;s proposed tariffs and energy policies would affect global economic growth and energy demand.

Brent crude futures dipped 2 cents to 78.98 a barrel by 0941 GMT. U.S. West Texas Intermediate crude WTI lost 4 cents to 75.40.

Oil markets have given back some recent gains due to mixed drivers, said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova.

Key factors include expectations of increased U.S. production under President Trump39;s prodrilling policies and easing geopolitical stress in Gaza, lifting fears of further escalation in supply disruption from key producing regions.

The broader economic implications of U.S. tariffs could further dampen global oil demand growth, she added.

Trump has said he would add new tariffs to his sanctions threat against Russia if the country does not make a deal to end its war in Ukraine.

He also vowed to hit the European Union with tariffs and impose 25 tariffs against Canada and Mexico. On China, Trump said his administration was discussing a 10 punitive duty because fentanyl is being sent from there to the United States.

On Monday he declared a national energy emergency intended to provide him…