Oil prices edged higher on Tuesday, rebounding more than 1% following a sharp selloff that pushed crude to near four-year lows. The recovery was supported by a modest bounce in global equity markets, though analysts caution that downside risks remain due to escalating U.S.-China trade tensions and fears of a global economic slowdown.<\/p>\n\n\n\n
By 05:35 GMT, Brent crude futures<\/strong> rose 72 cents, or 1.1%, to $64.93<\/strong> per barrel, while U.S. West Texas Intermediate (WTI)<\/strong> crude climbed 75 cents, or 1.2%, to $61.45<\/strong>.<\/p>\n\n\n\n Both benchmarks had slumped between 14% and 15%<\/strong> since U.S. President Donald Trump announced a sweeping tariff plan on April 2, targeting all imports with reciprocal duties<\/strong>\u2014a move that rattled financial markets and sparked concerns of a looming recession that could weigh heavily on oil demand.<\/p>\n\n\n\n With China unlikely to yield to U.S. demands, analysts fear a further escalation in the trade conflict<\/strong> is inevitable, adding more pressure on oil markets and the broader global economy.<\/p>\n\n\n\n Beijing has reaffirmed its resolve to resist what it describes as U.S. economic blackmail<\/strong>, while stepping up efforts to stabilize its capital markets.<\/p>\n\n\n\n Trump, meanwhile, has defended the tariffs, saying they are necessary to revive the U.S. industrial base<\/strong>, which he claims has been hollowed out by decades of trade liberalization.<\/p>\n\n\n\n Adding to bearish sentiment, a Reuters poll<\/strong> released Monday forecast that U.S. crude oil and distillate inventories<\/strong> rose by about 1.6 million barrels<\/strong> last week, reinforcing market expectations of weakening demand.<\/p>\n\n\n\n The American Petroleum Institute (API)<\/strong> will release its weekly inventory report later Tuesday, followed by official data from the Energy Information Administration (EIA)<\/strong> on Wednesday.<\/p>\n\n\n\n If the data confirms rising stockpiles amid softening demand, it could further limit oil\u2019s recovery and signal deeper trouble for energy markets in the weeks ahead.<\/p>\n\n\n\n Despite Tuesday\u2019s slight rebound, oil prices remain under pressure from trade-related uncertainty, weak macroeconomic signals, and rising inventories\u2014all of which suggest that any recovery may be short-lived unless geopolitical tensions ease.<\/p>\n","protected":false},"excerpt":{"rendered":" Oil prices edged higher on Tuesday, rebounding more than 1% following a sharp selloff that pushed crude to near four-year lows. The recovery was supported by a modest bounce in global equity markets, though analysts caution that downside risks remain due to escalating U.S.-China trade tensions and fears of a global economic slowdown. By 05:35 …<\/p>\n","protected":false},"author":9,"featured_media":108378,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[7524,6936,6858],"class_list":["post-113432","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-energy","tag-oil-prices","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=113432"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113432\/revisions"}],"predecessor-version":[{"id":113433,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113432\/revisions\/113433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/108378"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/h3>\n\n\n\n
\n\n\n\nU.S.-China Standoff Intensifies<\/h3>\n\n\n\n
\n\n\n\nInventory Data in Focus<\/h3>\n\n\n\n
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