Oil News: Will the U.S.-China Trade War Keep Crude Prices Under Pressure?

Crude Oil Weekly Recap: Trade War Escalation and Supply Glut Hammer Prices

Crude oil prices struggled this past week, battered by a mix of escalating trade tensions, surging U.S. inventories, and geopolitical uncertainty. While momentary rebounds provided traders with brief opportunities, the broader outlook remained bearish as global demand fears overshadowed any supply-side risks.

Last week, Light Crude Oil Futures settled at $71.00, down $1.53 or -2.11%.