Global oil markets faced a sharp decline on Friday, October 10, 2025, as Brent crude prices plunged by nearly 4%, marking their lowest level since May. The drop comes amid escalating trade tensions and renewed fears of a slowdown in global economic growth.
Analysts attribute the decline to rising uncertainty over international trade policies, as nations brace for possible retaliatory tariffs and restrictions. These tensions have weakened investor confidence and raised concerns about a dip in energy demand worldwide.
Market watchers note that both Brent crude and West Texas Intermediate (WTI) futures have suffered consecutive weekly losses, underscoring the fragile balance between global supply and demand.
Energy experts warn that if trade hostilities persist, oil prices could remain volatile in the coming weeks, potentially affecting fuel costs and inflation rates in several economies.
Despite the recent decline, some analysts remain optimistic that OPEC+ production controls and seasonal demand recovery could stabilize prices later in the year.
Source: Thepressradio.com
