Oil Prices Tumble: Trade Wars, Surplus Fears, and Sanctions
Update: 2025-10-15
Description
Oil prices plummet to five-month lows amidst US-China trade war and predictions of a massive 2026 oil surplus! The IEA forecasts a staggering four million barrel per day surplus, while Bank of America warns prices could crash below $50. Will US-China talks ease tensions, or will new sanctions on Russian oil and declining Azerbaijani output further destabilize the market? Plus, all eyes are on rising US crude stockpiles and potential Federal Reserve rate cuts. Get the full breakdown on this volatile oil market.
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