Oil Prices Surge As U.S. and China Agree to Tariff Cuts
Monday, 12 May 2025 () Oil jumped by 3% early on Monday after the United States and China agreed to slash tariffs on each other, easing concerns about global trade and the economy. As of 6:52 a.m. on Monday, the U.S. benchmark, WTI Crude, was up by 3.13% at $62.93. The international benchmark, Brent Crude, moved up above $65 per barrel and traded at $65.79, up by 2.93% on the day. The market was expecting on Monday the outcome of the initial U.S.-China trade talks in Geneva this weekend. Early on Monday, the White House announced that the…
Amid intensifying trade tensions with the U.S., China has cut its crude oil imports from Washington by 90%, turning instead to Canada as a key supplier. Bloomberg reports record shipments from Canada's..
China has blasted the United States for imposing new 34% tariffs, calling the move "economic bullying" and a threat to global stability. Beijing warns that the escalating tariff war may disrupt supply..
Oil prices have plunged to a four-year low, with Brent crude falling below $64 per barrel amid intensifying US-China trade tensions. The collapse follows Trump’s sweeping tariff move and China’s..
Oil prices rose more than 3 per cent on Monday after the U.S. and China said they would ease some of their tariff measures, raising hopes of an end to the trade... Upworthy
Oil prices surged Monday morning after the US and China agreed to cut tariffs as part of a temporary trade truce. West Texas Intermediate and Brent Crude both... OilPrice.com
Monday, 12 May 2025 ()
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