--- title: "In \"Commodities,\" the US-China trade situation is tense, and oil prices are falling" description: "There is uncertainty in the trade tensions between the United States and China, and the International Energy Agency (IEA) stated that the fundamentals of crude oil are weak, leading to a reversal of e" type: "news" locale: "en" url: "https://longbridge.com/en/news/261109798.md" published_at: "2025-10-14T16:05:18.000Z" --- # In "Commodities," the US-China trade situation is tense, and oil prices are falling > There is uncertainty in the trade tensions between the United States and China, and the International Energy Agency (IEA) stated that the fundamentals of crude oil are weak, leading to a reversal of early gains and a decline in oil prices on Tuesday. The price of New York November futures fell by $0.9 or 1.5%, to $58.59. The price of Brent December futures fell by $1.3 or 2.1%, to $62.02 There is uncertainty in the trade tensions between the United States and China, and the International Energy Agency (IEA) stated that the fundamentals of crude oil are weak, leading to a decline in oil prices after reversing early gains on Tuesday. New York November futures fell by $0.9 or 1.5%, settling at $58.59. Brent December futures dropped by $1.3 or 2.1%, closing at $62.02 ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Why gas is suddenly 25 cents cheaper in these 6 cities | Gas prices are dropping in these key markets. Here’s why. | [Link](https://longbridge.com/en/news/275989108.md) | | Oil Prices Edge Down as the IEA Warns Production Remains Well Ahead of Weak Demand Growth | Oil prices fell slightly as the IEA warned of slowing demand amid rising production. West Texas Intermediate crude dropp | [Link](https://longbridge.com/en/news/275766965.md) | | Crude Eyes Upside as Hormuz Risk Builds | Crude Eyes Upside as Hormuz Risk Builds | [Link](https://longbridge.com/en/news/275478107.md) | | Oil prices edge lower as IEA reduces demand forecast | Oil prices fell as the International Energy Agency (IEA) reduced its global oil demand forecast for 2026. Brent crude dr | [Link](https://longbridge.com/en/news/275743299.md) | | TotalEnergies' 2025 Earnings Weighed Down by Weaker Oil Prices | TotalEnergies' 2025 Earnings Weighed Down by Weaker Oil Prices | [Link](https://longbridge.com/en/news/275601934.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.