[ad_1]
NEW YORK (Reuters) – Oil prices jumped nearly 4 percent after the US announced that it would delay tariffs by 10 percent on some Chinese products, easing concerns over a global trade war that has sharply reduced the market. Last months.
Chinese products include laptops and cell phones. The new fees are due to come into effect next month.
Brent futures rose $ 2.21, or 3.81%, to $ 60.82 per barrel at 15:30 GMT.
US crude increased $ 2.03, or 3.7%, to $ 56.96 per barrel.
Before Tuesday's gains, Brent was down more than 20% since its peak of 2019 in April.
Earlier Tuesday, the Brent premium on US crude fell to its lowest level since March 2018.
(Reuters)
Source link
