Crude oil futures are declining despite positive manufacturing data from China, which indicates stronger industrial output and potential energy demand. However, this optimism is tempered by concerns over escalating trade tensions from impending U.S. tariffs on Chinese exports, set to take effect soon. Additionally, geopolitical risks related to Europe and ongoing sanctions against Russia contribute to market instability. Consequently, while China's recovery could support crude prices, the combined effects of trade disputes and geopolitical uncertainties limit a sustained rebound in the market.
Despite China's factory activity expanding, which suggests stronger energy demand, ongoing U.S.-China trade tensions and geopolitical risks continue to undermine crude oil futures.
As China's manufacturing sector shows signs of recovery, broader economic concerns, including upcoming U.S. tariffs and geopolitical tensions, cast a shadow over oil price stability.
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