WTI And Brent Oil Prices Plummet Amid Tension Between Trump And China; Russia And The Middle East Impact The Global Commodities Market.
WTI oil and Brent oil prices hit their lowest levels in five months this Friday (10/10/2025), amid a mix of geopolitical tensions and tariff threats from the United States against China.
The movement accelerated losses that had already been forming throughout the morning, also driven by the confirmed ceasefire agreement in Gaza.
According to analysts, the market reacted to a series of simultaneous factors: Trump’s announcement of potential higher tariffs, the ceasefire in the Middle East, and the ongoing instability involving Russia and Ukraine. “It’s a triple hit for oil today,” said Rebecca Babin from CIBC Private Wealth US.
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In the 1970s, oil became a weapon of war and paralyzed the entire world, and now the same thing is happening again with Iran closing off the route for 20% of the planet’s fuel.
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When oil prices rise, the gas station increases prices the next day, but when it drops by 13% at once, no one explains why gasoline remains at the same price for months.
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The largest fuel distributor in Brazil has just been forced to import diesel and gasoline on its own after Petrobras reduced its monthly deliveries.
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After Trump gave Iran 48 hours to reopen the route for 20% of the world’s oil, the barrel skyrocketed to $117, dropped 13% with a truce, and the Central Bank had to inject $2 billion to stabilize the dollar.
“The reignition of tariff tensions will hurt demand, the ceasefire in Gaza reduced geopolitical risk, and investors still have room to increase their short positions.”
WTI And Brent Oil Prices Show Significant Declines
WTI oil, set to expire in November and traded on Nymex (New York Mercantile Exchange), closed down 4.24%, losing US$ 2.61, and was quoted at US$ 58.90 per barrel.
Meanwhile, Brent oil, the international benchmark traded on ICE (Intercontinental Exchange in London), fell 3.82% (US$ 2.49), reaching US$ 62.73 per barrel.
For the week, the indices reflect losses of 3.25% for WTI and 2.78% for Brent, indicating a deterioration of global risk sentiment.
Experts highlight that oil contracts have reached their lowest levels in four to five months, given the current scenario.
Trump’s Threat To China And Its Impact On The Market
The President of the United States, Donald Trump, announced that his administration “is calculating a significant increase in tariffs on Chinese products,” in response to a move by Beijing that restricted exports of rare earths, considered strategic for the global industry.
The market interprets the action as a potential blow to global oil demand, as high tariffs could slow China’s economic growth, one of the largest energy consumers in the world.
On the other hand, Trump plans to hold a summit of world leaders on the situation in Gaza during his visit to Egypt next week, seeking to minimize geopolitical risks.
Geopolitics And Speculation: Russia And The Middle East On The Radar
Meanwhile, the crisis involving Russia and Ukraine continues to move speculative capital in the oil market.
News about the conflict encourages investment inflows and outflows, contributing to price volatility.
Additionally, the reduction of risk in the Middle East, with the ceasefire in Gaza, has had a mixed effect.
While it alleviates concerns about supply disruptions, there is still uncertainty about how global events will affect the balance of supply and demand for the commodity.

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