15 Oct 2025 | 3 Mins Read
Oil Prices Fall on Surplus Fears and Trade Tensions
Flipitmoney
Oil prices fell 0.19% and 0.17% for Brent and US crude futures, respectively, to $62.27 and $58.60 a barrel. This decline follows the International Energy Agency's warning of a potential 4 million barrels per day surplus in 2026 due to increased output and sluggish demand. U.S.-China trade tensions also influenced the market.