Oil Rises on Possible U.S. Auto Tariff Waivers

  • International
  • 15 April 2025
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Oil prices rose in early trading on Tuesday, supported by new tariff exemptions announced by US President Donald Trump, along with a recovery in China's crude oil imports in anticipation of reduced Iranian supplies.

Brent crude futures rose 27 cents, or 0.42 percent, to $65.15 a barrel. U.S. West Texas Intermediate crude rose 26 cents, or 0.42 percent, to $61.79 a barrel.

In the latest development in the tense trade war, Trump promised to adjust the 25 percent tariffs on imports of cars and parts from Mexico, Canada, and other countries.

Source (Al-Arabiya.net Website, Edited)