20 Oct 2025 | 3 Mins Read
Oil prices decline due to US-China trade tensions
Flipitmoney
Oil prices fell, pressured by a global supply glut, U.S.-China trade tensions, and economic slowdown worries. Brent crude futures dropped 0.4% to $61.05 and U.S. West Texas Intermediate fell 0.4% to $57.33, erasing Friday gains, amid concerns over oversupply from increased oil production and trade tensions impacting energy demand.