<\/p>\n\n\n\n
Oil prices recovered sharply in Asian trading on Monday, rebounding nearly 2% after steep losses in the prior session, as U.S. President Donald Trump attempted to reassure investors and ease tensions following his tariff threats against China.<\/p>\n\n\n\n
By 01:58 GMT<\/strong>, Brent crude futures (December)<\/strong> were up 1.7% to $63.78 per barrel<\/strong>, while West Texas Intermediate (WTI)<\/strong> gained 1.8% to $59.95 per barrel<\/strong>. Both benchmarks had plunged almost 4% on Friday to five-month lows after Trump announced plans to impose an additional 100% tariff<\/strong> on Chinese imports, sparking fears of weaker global demand.<\/p>\n\n\n\n Over the weekend, Trump appeared to temper his stance, writing on Truth Social: \u201cDon\u2019t worry about China, it will all be fine.\u201d<\/em> He added that the U.S. \u201cwants to help China, not hurt it,\u201d signaling potential room for negotiation and easing investor anxiety.<\/p>\n\n\n\n The remarks helped stabilize sentiment and spurred a modest rebound across commodities after last week\u2019s selloff. Traders viewed the softer tone as a possible sign that the trade dispute could avoid further escalation, at least in the near term.<\/p>\n\n\n\n Adding to the calmer mood was news of a ceasefire agreement between Israel and Hamas<\/strong>, brokered by Trump, which reduced geopolitical risk in the Middle East \u2014 a key region for global oil supply. However, the ceasefire also removed some of the geopolitical premium that had supported prices in recent weeks.<\/p>\n\n\n\n Despite the rebound, analysts warned that the broader sentiment remained fragile amid concerns about an emerging supply glut<\/strong>. The U.S. Energy Information Administration (EIA)<\/strong> last week raised its 2025 crude output forecast<\/strong> to a record 13.53 million barrels per day<\/strong>, indicating continued growth in U.S. production.<\/p>\n\n\n\n Meanwhile, OPEC+<\/strong> is proceeding with a gradual increase in production<\/strong>, having agreed earlier this month to add about 137,000 barrels per day<\/strong> in November \u2014 the smallest of the proposed hikes but still a signal of cautious re-expansion.<\/p>\n\n\n\n While Monday\u2019s rebound highlights market sensitivity to political signals, traders remain wary of potential headwinds from rising U.S. output and sluggish demand growth. The short-term outlook for crude depends largely on whether Washington and Beijing can de-escalate trade tensions and whether OPEC+ can effectively manage production increases without tipping the market back into oversupply.<\/p>\n","protected":false},"excerpt":{"rendered":" Oil prices recovered sharply in Asian trading on Monday, rebounding nearly 2% after steep losses in the prior session, as U.S. President Donald Trump attempted to reassure investors and ease tensions following his tariff threats against China. By 01:58 GMT, Brent crude futures (December) were up 1.7% to $63.78 per barrel, while West Texas Intermediate …<\/p>\n","protected":false},"author":9,"featured_media":53340,"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":[38,36],"tags":[],"class_list":["post-119852","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119852","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=119852"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119852\/revisions"}],"predecessor-version":[{"id":119853,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119852\/revisions\/119853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53340"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Trump Softens Tone on China Tariffs<\/strong><\/h3>\n\n\n\n
Geopolitical Tensions Ease, but Oversupply Concerns Loom<\/strong><\/h3>\n\n\n\n
Outlook<\/strong><\/h3>\n\n\n\n