Oil Prices Hold Strong Despite Oversupply Concerns Brent crude oil prices have remained firmly above 65 US dollars per barrel this week, supported by strong Chinese demand and continued strategic stockpiling. The resilience of prices comes at a time when global markets are weighing the risks of oversupply against ongoing geopolitical uncertainty and shifting demand patterns. China has been steadily increasing crude imports to reinforce its national reserves, a move that has offered crucial support to global prices. This consistent demand has helped offset weaker consumption trends in advanced economies, particularly in Europe, where slowing industrial activity and cautious consumer spending are tempering energy requirements. At the same time, major oil producers are expanding supply. The United States is maintaining elevated shale production levels, while the Organization of the Petroleum Exporting Countries (OPEC) and its allies have signaled plans to ease some output restrictions....