Oil Futures Lose Ground on Trade, Oversupply Concerns

Group 1 - Crude oil futures experienced a brief increase but ultimately fell due to concerns over U.S.-China trade tensions and oversupply [1][2] - Increased output from OPEC+ and a cease-fire in Gaza have contributed to a reduction in risk premium, further impacting oil prices [2] - Market sentiment is notably bearish for Q1 of the following year, although some analysts express skepticism about the severity of supply and demand issues [2]