Oil down as market eyes excess supply, US-China trade tensions
Yahoo Financeยท2025-10-15 04:27
By Sam Li and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency's warning of a supply surplus in 2026 and U.S.-China trade tensions that could curtail demand. Brent crude futures fell 21 cents, or 0.3%, to $62.18 a barrel by 0425 GMT, while U.S. West Texas Intermediate futures eased 16 cents, or 0.3%, to $58.54 a barrel. Both contracts closed at five-month lows in the previous trading session. ...