By Debdeep Gupta | April, 15 2025
Oil prices rise on potential US tariff exemptions on cars, pick-up in China crude imports
oil prices inched higher on tuesday, supported by new tariff exemptions floated by u.s. president donald trump and a rebound in china crude oil imports in anticipation of tighter iranian supply.brent crude futures gained 12 cents, or 0.2%, to $65 per barrel by 0350 gmt, while u.s. west texas intermediate crude was up 13 cents, or 0.2%, to $61.66."trump granted exemptions on electronic tariffs and signalled an auto tariff relief, both of which are