International oil prices experienced a significant decline on Wednesday, driven by mounting concerns over a global oversupply and weakening market sentiment due to escalating trade tensions between the United States and China. Brent crude dropped to around $78 per barrel in early trading, while West Texas Intermediate (WTI) hovered near $74, marking the lowest levels in three months. Investors are reacting to indications that OPEC+ nations may be exceeding production targets and that global demand is growing more slowly than anticipated. The intensifying trade conflict between Washington and Beijing has further exacerbated market instability. China recently imposed new export controls on rare earth metals, prompting the US to warn of a potential ‘economic decoupling.’ Energy analysts predict that price pressures will persist as long as Asian demand remains sluggish and geopolitical uncertainties continue to loom. The situation underscores the fragile balance between supply, demand, and international trade dynamics in the global energy market.