Crude prices fell for a third session on Monday, adding to last week\u2019s losses as fragile demand signals from China and the prospect of higher OPEC+ supply outweighed a softer geopolitical risk premium.<\/p>\n\n\n\n
Both benchmarks shed over 2%<\/strong> last week and are trading near five-month lows<\/strong>.<\/p>\n\n\n\n Fresh data showed China\u2019s GDP grew 4.8% y\/y in Q3<\/strong>, the slowest pace in a year, reviving fears about a patchy post-pandemic recovery and tepid industrial fuel demand. With growth still leaning heavily on exports\u2014and U.S.\u2013China trade frictions simmering\u2014markets remain doubtful that Beijing will deliver a durable, consumption-led upswing in oil demand.<\/p>\n\n\n\n A bearish monthly report from the International Energy Agency<\/strong> last week underscored weakening balances into 2026, warning that planned OPEC+ output increases<\/strong> could tip the market toward a supply overhang<\/strong>. Traders are positioning for looser fundamentals if alliance members maintain steady production growth into next year.<\/p>\n\n\n\n Prices also eased after Israel said a ceasefire with Hamas had resumed<\/strong> following weekend hostilities, with aid flows to Gaza<\/strong> set to restart. The development reinforced the recent compression of the Middle East risk premium, which had faded as markets priced out immediate escalation risks.<\/p>\n\n\n\n Heightened U.S.\u2013China trade tensions<\/strong> have pressured crude in recent weeks, though some conciliatory remarks from U.S. officials offered limited support. Separately, U.S. President Donald Trump<\/strong> said Sunday that India\u2019s Prime Minister Narendra Modi<\/strong> told him New Delhi would stop buying Russian oil<\/strong>\u2014remarks India has not corroborated. India has been a pivotal buyer of discounted seaborne Russian barrels<\/strong> since 2022, and any material shift would ripple through crude trade flows and differentials.<\/p>\n\n\n\n Bottom line:<\/strong> With China demand doubts re-asserting, a softening geopolitical premium, and the risk of supply growth into 2026, near-term bias for crude remains to the downside unless inventories tighten or demand surprises to the upside.<\/p>\n","protected":false},"excerpt":{"rendered":" Crude prices fell for a third session on Monday, adding to last week\u2019s losses as fragile demand signals from China and the prospect of higher OPEC+ supply outweighed a softer geopolitical risk premium. Brent (Dec): $61.07\/bbl (\u22120.4%) WTI (Dec): $56.94\/bbl (\u22120.4%) Both benchmarks shed over 2% last week and are trading near five-month lows. Demand …<\/p>\n","protected":false},"author":9,"featured_media":95641,"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":[],"class_list":["post-120095","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120095","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=120095"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120095\/revisions"}],"predecessor-version":[{"id":120096,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120095\/revisions\/120096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/95641"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Demand Concerns Deepen After China\u2019s Q3 Miss<\/h2>\n\n\n\n
Supply Narrative Tilts Bearish<\/h2>\n\n\n\n
Geopolitics: Ceasefire Tempers Risk Premium<\/h2>\n\n\n\n
U.S.\u2013China Tensions and India\u2013Russia Angle<\/h2>\n\n\n\n
The Setup: What to Watch<\/h2>\n\n\n\n
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