U.S. crude oil rises more than 1% after Trump exempts key tech products from tariffs
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U.S. crude oil prices rose more than 1% after President Trump exempted key tech products from tariffs on Chinese imports. The increase was supported by potential U.S. actions against Iranian oil exports and Energy Secretary Chris Wright's comments. However, oil prices remain down approximately 13% since April 2 due to recession fears.
April 14, 2025 | 12:45 pm
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The Brent Oil ETF may experience short-term price appreciation due to rising Brent crude prices and geopolitical tensions surrounding Iranian oil exports.
The Brent crude benchmark rose 1.36% due to tariff exemptions and potential Iranian export restrictions, which could positively impact the Brent Oil ETF's performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70