Oil Prices Climb Over 1% on U.S. Tariff Exclusions

Oil prices rose over one percent today following US exclusions on smartphones, computers and some other electronics, and Chinese data showing a sharp rebound in crude imports in March. Brent Crude was trading over 1.2 percent up at 65 dollars and 57 cents per barrel. 

WTI Crude was trading over 1.3 per cent up at 62 dollars and 33 cents per barrel,



when reports last came in. China’s crude oil imports in March rose from the previous two months boosted by a surge in Iranian oil and a rebound in Russian oil deliveries. China imported a total of 51.41 million metric tons of crude oil in March, according to the data from the Chinese General Administration of Customs.