EconomyEnergy

Oil Markets Post Third Consecutive Weekly Decline Amid Trade Tensions and Supply Concerns

Oil futures stabilized on Friday but recorded their third consecutive weekly loss amid renewed U.S.-China trade tensions and growing oversupply concerns. Prices found some support after President Trump indicated plans to meet with China’s Xi Jinping, though concerns about potential eased sanctions on Russian oil limited gains.

Weekly Performance Marks Third Straight Decline

Crude oil futures reportedly stabilized on Friday but ended the week with significant losses, marking their third consecutive weekly decline, according to market reports. Sources indicate that renewed U.S.-China trade tensions and increased oversupply concerns sent prices to multi-month lows before some late-week stabilization.

ManufacturingTrade

Tech Giants Microsoft and Micron Accelerate Supply Chain Diversification From China

Major technology companies are accelerating their departure from Chinese manufacturing amid ongoing trade tensions. Microsoft aims to relocate up to 80% of server production outside China by 2026, while Micron Technology is exiting the country’s server chip business entirely following government restrictions.

Supply Chain Shift Accelerates

Technology giants Microsoft and Micron Technology are significantly reducing their manufacturing footprint in China amid ongoing trade tensions and geopolitical considerations, according to multiple industry reports. The moves represent one of the most substantial supply chain diversification efforts by U.S. technology companies to date.