• Tue, Mar 3, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

15 October 2025 07:07  |

Oil Sideways, US–China Heats Up

Oil prices stabilized after hitting a 5-month low. WTI hovered near $59/barrel and Brent around $62, indicating the market remains hesitant after the previous sharp decline.

The IEA predicts an unprecedented oversupply: by 2026, global supply could exceed demand by ~4 million barrels per day. This glut outlook weighed on sentiment, and some Wall Street banks see a return to the $50s.

On the geopolitical front, US–China tensions have flared again: Beijing imposed sanctions on the US unit of a Korean shipping giant, sparking fears of retaliation. However, USTR Jamieson Greer believes export tensions could ease after the latest talks—mixed signals that have kept volatility high.

Oil performance has weakened in August–September, and WTI has fallen about 18% year-to-date. This morning in Singapore, WTI Nov was at $58.72, while Brent Dec closed down 1.5% at $62.39. Market focus: Confirmation of demand vs. supply data and the direction of future trade negotiations. (asd)

Source: Newsmaker.id

Related News

OIL

Oil Prices Rise for Two Days in a Row, Supported by Trade ...

Oil rose a second day on optimism over US trade talks ahead of next week’s deadline, and as tightness in diesel markets bo...

25 July 2025 10:56
OIL

Brent Fluctuates, Markets Confused Between Sanctions and Su...

Oil prices experienced volatile movements on Tuesday (July 15th), amid market uncertainty over the impact of US President Don...

15 July 2025 21:42
OIL

Global Oil Restrained

Oil prices were little changed after declining over the past few weeks, with traders concerned about the impact of European U...

22 September 2025 07:39
OIL

Increased Supply, Exports Drop: New Drama of Oil Prices Beg...

World oil prices on Wednesday (2/7) were almost unchanged as the market weighed various factors, ranging from the plan to inc...

2 July 2025 16:19
BIAS23.com NM23 Ai