Azernews.Az

Global oil markets are once again gripped by turbulence as economic data from the United States shows signs of weakness and trade tensions between Washington and Beijing escalate. Brent crude, the global benchmark, recently fell nearly 1% to $62.70 per barrel—its lowest in two weeks—amid a broader sell-off in U.S. stocks and slumping manufacturing indicators. Meanwhile, China, the world's largest oil importer, faces intensifying headwinds due to punitive tariffs and cooling export demand, raising fears of a broader economic slowdown.

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