October 15, 2025

Crude prices hit multi-month lows amid US tariff threat

Crude markets are buckling under a perfect storm of bearish pressures. Renewed fears of a trade war are threatening demand, while a fading geopolitical risk premium, a looming 3 Mbd supply glut, and aggressive producer price cuts all point to overwhelming oversupply and a decisively negative market outlook.

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Crude prices hit multi-month lows amid US tariff threatCargo ship docked at industrial port with red-covered containers and red ore piles, city skyline in the background.

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