Oil Prices Plummet Amid US-China Trade Tensions and Oversupply Concerns

Oil prices have fallen to a five-month low due to escalating trade tensions between the US and China, raising concerns about global demand. The situation is compounded by fears of an oversupply, which could lead to further price declines. Investors are closely watching these developments, as fluctuations in oil prices can significantly impact global economies, affecting fuel costs and inflation rates.