Oil Surges 3% on U.S.-China Tariff Truce and Demand Optimism

OilPrice.com - May 13, 2025

Oil Surges 3% on U.S.-China Tariff Truce and Demand Optimism

Oil prices jumped 3% on Tuesday after the U.S. and China agreed to a 90-day pause on new tariffs, easing fears of another front in the global trade war and improving the outlook for economic growth—and by extension, oil demand. Brent crude was last trading at…

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