Oil prices have risen after cutting their losses during the weekly opening session, as investors weigh the effects of renewed trade tensions between the United States and China with the prospects for global demand. Brent -Ruolie traded more than $ 63 a barrel after rising in the previous session after a 3.8% fall on Friday, while Western Texas -Tuss -entry roughly settled about $ 60 a barrel. US President Donald Trump softened his tone to China after promoting a new round of customs and restrictions on exports late last week, which is an indication of his openness to conclude an agreement with Beijing. The renewal of the trade war deepens in the market. The resumption of the trade conflict between the world’s largest oil consumers has restored a state of uncertainty to future expectations. The prices have fallen over the past two weeks after the OPEC+ Alliance increased the supplies, at a time when there is fear of an expected surplus in the offer later in the year. In his monthly report released on Monday, OPEC expected the global oil question to grow by 1.3 million barrels per day this year, and 1.4 million barrels per day in 2026. This is an optimistic view, with other bodies, such as the International Energy Agency, expecting a record lead in the offer next year. “While the surplus prospects continue, oil remains vulnerable to panic selling and cautious buying only a fraction of the losses,” says Vandana Hari, founder of the Market Analysis firm Vanda Insights in Singapore, adding that the expectations of additional US rates over China faded his e -scaling rhetoric over the weekend. Signs of weakness appear in the curve of Brent-Ru futures, as the time spreads for contracts, from March 2026 and for a few subsequent months, turned into a situation, which is a structure in which contracts in the short term at a discount on a discount compared to long-term contracts.
Oil prices restore partly in the midst of caution over a renewed trade war
