Reserve Bank of India raised its crude oil price assumption for H2 of fiscal 2027 to $95/bbl, up from the $85/bbl assumed in H1.

MOFCOM said it had noted reports that France and Germany urged the EU to bolster trade‑defence and other protectionist measures. China warned mutual dependence is not a risk and said openness and cooperation, not protectionism or decoupling, are the right path; protectionism undermines competitiveness and decoupling harms all sides. It urged France and Germany, as major economies, to uphold openness, free trade and WTO rules, and not to push the EU to overuse protectionist tools or to politicize and securitize economic and trade issues, warning such steps could ultimately backfire.

U.S. Energy Secretary Wright said crude oil prices are falling.