Oil Prices Respond to Trade Policy Adjustments

Crude oil prices experienced a notable increase at the start of the week, with Brent futures advancing over 1%. This movement comes as the market continues to assess the implications of U.S. President Donald Trump's latest trade policy decision.

Details of the Tariff Exemptions

President Trump's decision to exclude certain technological devices from the hefty 145% tariff imposed on Chinese goods has been met with mixed reactions. Beijing described the move as a "small step" towards rectifying what it views as a "wrong practice."

Market Reactions

By 8:31 am ET, Brent crude for June delivery had risen by 1.19%, reaching $65.69 per barrel. Similarly, West Texas Intermediate (WTI) for May delivery saw a 0.89% increase, trading at $62.35 per barrel by 8:32 am ET.