Escalating US-China trade tensions disrupt demand for risk assets. Moreover, the International Energy Agency (IEA) forecasts a substantial petroleum supply surplus in 2026. International crude oil prices closed lower on October 14.

West Texas Intermediate (WTI) crude for November delivery decreased by US$0.79 (1.33%), reaching US$58.70 per barrel on the New York Mercantile Exchange.

Brent crude for December delivery fell by US$0.93 (1.47%), settling at US$62.39 per barrel.