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flag Oil prices fall by $10 per barrel due to US-China trade tensions impacting global demand.

flag Oil prices have dropped by about $10 per barrel since the start of the month due to escalating trade tensions between the US and China, which are causing concerns over global economic growth and fuel demand. flag Brent crude futures and US West Texas Intermediate crude futures have both fallen, with Goldman Sachs predicting Brent to average $63 and WTI to average $59 for the rest of 2025. flag The trade war has led to increased worries about unsold exports and a potential decline in demand, with US energy firms cutting oil rigs.

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