US EditionOil prices rise on potential US tariff exemptions on cars, pick-up in China crude imports
- Oil prices rose on Monday, April 14, due to tariff exemptions and Chinese imports.
- The rise stemmed from US tariff exclusions on electronics and a rebound in China's crude imports.
- US tariff exclusions covered smartphones, computers, and other electronic goods largely imported from China.
- Brent crude futures closed at US$64.88 per barrel, while WTI settled at US$61.53.
- Concerns about the trade war's impact on global growth and fuel demand limited further gains.
22 Articles
22 Articles
Oil Prices Stabilize on Tariff Exemptions and China Imports
Crude oil prices experienced a period of stabilization due to a combination of potential tariff exemptions from the U.S. and a significant surge in Chinese crude oil imports, despite OPEC's downward revision of global demand forecasts.
New Strait Times
Oil prices rise on potential US tariff exemptions on cars, pick-up in China crude imports
BEIJING: Oil prices climbed in early trading on Tuesday, boosted by new tariff exemptions floated by President Donald Trump and a rebound in China crude oil imports in anticipation of tighter Iranian supply. © New Straits Times Press (M) Bhd
Oil Prices Rise on Tariff Exemptions and Stronger Chinese Imports
Oil prices climbed in early trading on Tuesday, boosted by new tariff exemptions floated by President Donald Trump and a rebound in China crude oil imports in anticipation of tighter Iranian supply. Brent crude futures gained 27 cents, or 0.42%, to $65.15 per barrel by 0046 GMT, while U.S. West Texas Intermediate crude rose 26 cents, also 0.42%, to $61.79. In the latest development in Trump's whipsawing trade war, he said he was considering a mo…
Oil Price Outlook: IEA Downgrades And China Imports
About the Author Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He has spent the last 3 years in an analyst role honing his skills across various fin…
Oil prices steady as trade hopes offset demand concerns
April 15, 2025 (MLN): Oil prices were broadly stable on Tuesday after new tariff exemptions floated by U.S. President Donald Trump and a rebound in China's oil imports were offset by the IEA following OPEC in cutting its oil demand forecast. Brent crude futures decreased by $0.3, or 0.46%, to $64.58 per barrel. West Texas Intermediate (WTI) crude futures fell by $0.10, or 0.16%, to $61.43 per barrel by [4:00 pm] PST. Trump said he was consider…
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