Oil Rebounds from 5-Month Low

2025-10-13 12:49 By Agna Gabriel 1 min. read

WTI crude oil futures rose more than 2.5% to near $60 per barrel on Monday, rebounding from a five-month low as hopes for eased US–China trade tensions lifted sentiment.

The recovery followed remarks from President Donald Trump and Vice President JD Vance, who adopted a softer tone toward Beijing after announcing new 100% tariffs and export controls last week.

Trump suggested the US could still “be fine with China,” though the planned tariffs for November 1 remain in place.

He also hinted at supplying Ukraine with long-range Tomahawk missiles, a move that could heighten risks to oil supplies from OPEC+ producers.

Despite the rebound, oil prices remain pressured by rising supply, as OPEC and its partners boosted output by 630,000 barrels per day in September, raising fears of a supply glut later this year.

Additionally, a ceasefire between Israel and Hamas eased geopolitical risks in the Middle East after Hamas released all remaining Israeli hostages from Gaza.



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