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Oil prices rise over 1% on supply concerns and U.S.–China trade talks
Oil prices surged over 1% on supply-risk fears and U.
Crude-oil benchmarks advanced over 1% on 22 October 2025, with Brent futures climbing to about $62.26 a barrel and U.S. WTI trading near $58.16. The rise was driven by sanctions-related supply risks and expectations around renewed U.S.–China trade negotiations, including a U.S. plan to buy crude for its Strategic Petroleum Reserve. The market had recently hit five-month lows but the renewed supply jitters now underpin the commodity rally. Analysts said the move reflects how the demand-supply balance is sensitive to geopolitics despite broader macro concerns.