Brent rises 1% after Trump's tariff exemptions - Breaking The News
Download our appPlay StoreApp Store

Brent rises 1% after Trump's tariff exemptions

EPA-EFE/ADAM VAUGHAN

Crude oil prices rose on Monday, with Brent futures climbing more than 1%, as investors still digested United States President Donald Trump's decision to exclude various technological devices from the 145% tariff on Chinese goods, which Beijing said was a "small step" in correcting a "wrong practice."

Brent for June's deliveries rose by 1.19% to sell for $65.69 per barrel at 8:31 am ET. Meanwhile, West Texas Intermediate (WTI) for May's settlements increased by 0.89% at 8:32 am ET, selling for $62.35 per barrel.

Related Stocks
Brent Crude (ICE)
F WBS
Related News
Oil gains 1.6% amid tariff optimism
The price of crude oil rose by over 1.5% on Wednesday after United States President Donald Trump signaled he intends to lower tariffs on Chinese imports, which could alleviate some growth concerns and boost demand. The US also imposed sanctions on an Iranian oil and liquefied petroleum gas shipping network, constraining Iran's energy exports. West Texas Intermediate for deliveries in June added 1.68% at 5:13 am ET, going for 64.69 per barrel, while...
US oil inventories reportedly down by 4.6M barrels
Crude oil inventories in the United States fell by 4.6 million barrels in the week that ended April 15, the American Petroleum Institute's (API) private data allegedly showed on Tuesday.Meanwhile, reserves in Cushing, Oklahoma, allegedly slumped by 354,000 barrels. Gasoline stockpiles decreased by 2.2 million barrels, while distillate inventories lost 1.6 million barrels, according to the reported data.
Oil jumps over 2% as US markets recover
Crude oil prices rose further on Tuesday, jumping over 2% as demand expectations increased amid the major stock markets in the United States recovering from yesterday's selloff. Investors also still digested the report from OPEC+, stating that its production declined by 37,000 bpd in March.West Texas Intermediate (WTI) for June's deliveries climbed by 2.63% at 1:57 pm ET, selling for $64.01 per barrel. At the same time, Brent for the same month's...
Oil up over 1% on Gaza war, OPEC+ output decline
Crude oil prices rose by over 1% on Tuesday as optimism about ending the war between Israel and Hamas in Gaza vanished after Hamas rejected Israel's ceasefire proposal, claiming that it is ready to release all the hostages if Israel ends the war and withdraws all its troops from the Strip. Meanwhile, Israel's Prime Minister Benjamin Netanyahu vowed not to "capitulate" to the militant group's demands.Additionally, OPEC+ revealed that its production in March...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.