Oil jumps 4% after Trump pauses tariffs on many countries, raises China levy

Oil Extends Rebound From Four-Year Low After Trump Changes Tack

Oil steadied after a rebound from a four-year low as a partial reprieve by President Donald Trump on tariffs ignited a global relief rally that swept up assets from commodities to equities.

Stock markets rally after Trump announces tariff relief for most countries - National

Although Trump's latest tariffs include a massive 104 per cent levy on U.S. imports of Chinese products, markets in China reversed early losses, gaining ground on Wednesday.

Oil jumps 4% after Trump pauses tariffs on many countries, raises China levy

Brent futures settled up $2.66 to $65.48 a barrel. U.S. West Texas Intermediate crude futures closed $2.77 higher at $62.35

The price of oil rose this morning on the commodity markets: the WTI with delivery in May changes hands at 60.58 dollars with an increase of 0.85% while the Brent with delivery in June is trading at 63.83 dollars with an increase of 0.79%.

Euphoria From Tariff Pause Has Worn Off

CRUDE OIL  The crude oil market saw a sharp reversal higher yesterday after the postponement... The post Euphoria From Tariff Pause Has Worn Off appeared first on ADMISI.

Euphoria From Tariff Pause Has Worn Off - ADM Investor Services

CRUDE OIL  The crude oil market saw a sharp reversal higher yesterday after the postponement... The post Euphoria From Tariff Pause Has Worn Off appeared first on ADM Investor Services.