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Home Market Research Business

Oil drifts to new five-month lows on supply glut worries, trade tensions (USO:NYSEARCA)

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 2 mins read
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Oil drifts to new five-month lows on supply glut worries, trade tensions (USO:NYSEARCA)
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Oct. 20, 2025 7:21 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COM, UCO, XLEDBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News Editor

SlavkoSereda/iStock via Getty Images

Crude oil futures edged slightly lower Monday, extending last week’s downward trajectory as investors assessed a looming supply glut, U.S.-China trade tensions, and weaker energy demand.

Oil prices remain on the defensive with a supply surplus looming while another Trump-Putin



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Tags: DriftsfivemonthGlutLowsoilSupplyTensionstradeUSONYSEARCAworries
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