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3 days agoOil prices rise after U.S.-China trade-deal framework emerges
Global oil benchmarks rebounded on Monday after U.S. and Chinese officials outlined a trade-deal framework that could avert steep tariffs and export-curb risks, easing demand concerns. Brent futures rose to about US$66.41 a barrel and WTI near US$61.94, reversing earlier dips. Analysts flagged that while supply remains plentiful, the improved trade-outlook supports near-term pricing. However, concerns remain over a possible oversupply if production from major producers accelerates and demand softens amid macro uncertainty.
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positive
3 days agoOil prices rise after U.S.-China trade-deal framework emerges
Global oil benchmarks rebounded on Monday after U.S. and Chinese officials outlined a trade-deal framework that could avert steep tariffs and export-curb risks, easing demand concerns. Brent futures rose to about US$66.41 a barrel and WTI near US$61.94, reversing earlier dips. Analysts flagged that while supply remains plentiful, the improved trade-outlook supports near-term pricing. However, concerns remain over a possible oversupply if production from major producers accelerates and demand softens amid macro uncertainty.
Explore:Mutual Fund Screening
positive
Oil prices rise after U.S.-China trade-deal framework emerges
3 days ago
1 min read
73 words
Oil rises around US$66/bbl as U.S.–China trade clarity supports demand outlook and alleviates tariff-shock fears.
Global oil benchmarks rebounded on Monday after U.S. and Chinese officials outlined a trade-deal framework that could avert steep tariffs and export-curb risks, easing demand concerns. Brent futures rose to about US$66.41 a barrel and WTI near US$61.94, reversing earlier dips. Analysts flagged that while supply remains plentiful, the improved trade-outlook supports near-term pricing. However, concerns remain over a possible oversupply if production from major producers accelerates and demand softens amid macro uncertainty.
Global oil benchmarks rebounded on Monday after U.S. and Chinese officials outlined a trade-deal framework that could avert steep tariffs and export-curb risks, easing demand concerns. Brent futures rose to about US$66.41 a barrel and WTI near US$61.94, reversing earlier dips. Analysts flagged that while supply remains plentiful, the improved trade-outlook supports near-term pricing. However, concerns remain over a possible oversupply if production from major producers accelerates and demand softens amid macro uncertainty.
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Oct 27, 2025 • 19:51 IST







































