Oil Rises on Tariff Exemptions and Chinese Imports Rebound
Oil prices rose 1% on Monday after U.S. exclusions on some tariffs and Chinese data showing a sharp rebound in crude imports in March, but gains were capped by concerns that the trade war between the United States and China could weaken global economic growth and dent fuel demand.
Brent crude futures rose by 63 cents, or 1%, to $65.39 a barrel by 1026 GMT. U.S. West Texas Intermediate crude was up 64 cents, or 1%, at $62.14.
"The news about the exemptions on tariffs has helped lift sentiment across markets," said Harry Tchilinguirian, global head of research at...
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