China's reduced oil demand and U.S. inventory rise reshape market views.

Oil prices eased on Friday as hurricane-related risks in the Gulf of Mexico receded, reducing concerns over disruptions to U.S. crude production. At the same time, market analysts are closely watching how broader geopolitical tensions could impact energy supplies globally.

While recent global trade data shows reduced demand in China and rising U.S. inventories, analysts suggest that political shifts may bring only moderate changes to supply fundamentals in the near term.