{"id":20847,"date":"2025-04-15T06:54:01","date_gmt":"2025-04-15T06:54:01","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=20847"},"modified":"2025-04-15T06:54:01","modified_gmt":"2025-04-15T06:54:01","slug":"oil-prices-edge-up-boosted-by-trade-relief","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-latam\/analysis\/oil-prices-edge-up-boosted-by-trade-relief\/","title":{"rendered":"Oil Prices Edge Up\u2014Boosted by Trade Relief"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-latam\/wp-content\/uploads\/sites\/23\/2026\/03\/download-11-1-1-1024x559.png\" alt=\"\" class=\"wp-image-20863\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>CL-OIL (WTI crude)<\/strong> rises by <strong>$0.23<\/strong>, or <strong>0.37%<\/strong>, to <strong>$61.81<\/strong> per barrel.<\/li>\n\n\n\n<li><strong>Brent crude<\/strong> prices see a modest gain of <strong>12 cents<\/strong> to <strong>$65<\/strong> per barrel.<\/li>\n\n\n\n<li><strong>Tariff exemptions<\/strong> and <strong>strong Chinese oil imports<\/strong> help support prices.<\/li>\n\n\n\n<li>Geopolitical risks and <strong>U.S.-China trade uncertainty<\/strong> continue to influence market sentiment.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">CL-OIL Prices Move Higher on Trade Relief and Strong Demand from China<\/h2>\n\n\n\n<p>Oil prices showed moderate gains on Tuesday, with <strong>CL-OIL (WTI)<\/strong> rising by <strong>$0.23<\/strong> (<strong>0.37<\/strong>%) to <strong>$61.81<\/strong> per barrel, while <strong>Brent crude<\/strong> futures increased by <strong>12 cents<\/strong> to <strong>$65<\/strong> per barrel. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">China&#39;s imports of crude oil rose in March from a year earlier, while those of soybeans, coal, iron ore and unwrought copper dropped, customs data showed on Monday. <a href=\"https:\/\/t.co\/Rtse6y45WU\">https:\/\/t.co\/Rtse6y45WU<\/a> <a href=\"https:\/\/t.co\/qqiJ0OjLvV\">pic.twitter.com\/qqiJ0OjLvV<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1911772708037075315?ref_src=twsrc%5Etfw\">April 14, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The upward movement came amid <strong>tariff exemptions<\/strong> announced by <strong>U.S. President Donald Trump<\/strong> and a strong rebound in <strong>China&#8217;s crude oil imports<\/strong>, indicating resilient demand despite ongoing geopolitical risks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Trump\u2019s Tariff Exemptions Providing Temporary Relief<\/h2>\n\n\n\n<p>The recent <strong><a href=\"https:\/\/www.msn.com\/en-us\/news\/technology\/list-of-products-exempt-from-trump-tariffs-including-smartphones-laptops\/ar-AA1CT7s3?ocid=BingNewsSerp\">tariff exemptions<\/a><\/strong> on electronics from <strong>China<\/strong> provided <strong>CL-OIL<\/strong> with some relief, lifting sentiment in the short term. While <strong>U.S. trade policy<\/strong> remains unpredictable, and uncertainties persist regarding future <strong>tariff announcements<\/strong>, the relief on <strong>electronic goods<\/strong> may help prevent further downside in <strong>oil prices<\/strong>. However, <strong>market participants<\/strong> continue to monitor any developments in Trump&#8217;s tariff strategy, as further changes could have implications for global demand and oil prices.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">China\u2019s Strong Crude Oil Imports Support CL-OIL Prices<\/h2>\n\n\n\n<p>The <strong><a href=\"https:\/\/www.reuters.com\/markets\/commodities\/chinas-crude-oil-imports-highest-since-august-2023-iranian-surge-2025-04-14\/\">surge in China&#8217;s crude oil imports<\/a><\/strong>, up by <strong>5%<\/strong> in March, provided additional support for <strong>CL-OIL<\/strong> prices. <strong><a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/chinas-march-iranian-oil-imports-surge-on-us-sanctions-fears\/ar-AA1CJOgD?ocid=BingNewsSerp\">Iranian oil imports<\/a><\/strong>, which increased in March, were particularly notable as traders adjusted their positions ahead of tighter <strong>U.S. sanctions<\/strong> on Iranian exports. The rebound in demand from <strong>China<\/strong>, the world\u2019s largest oil importer, suggests strength in <strong>global oil consumption<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Geopolitical Risks and U.S.-Iran Tensions Influence CL-OIL<\/h2>\n\n\n\n<p>In addition to trade uncertainty, <strong>geopolitical risks<\/strong>, especially <strong>U.S.-Iran tensions<\/strong>, continue to weigh on the market. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">A second round of nuclear talks between the United States and Iran continues to be held in Oman&#39;s Muscat, Iran&#39;s state news agency IRNA said on Monday quoting Foreign Ministry spokesman Esmaeil Baghaei as saying. <a href=\"https:\/\/t.co\/4DFXnDrE3b\">https:\/\/t.co\/4DFXnDrE3b<\/a> <a href=\"https:\/\/t.co\/3s9Jh38X9t\">pic.twitter.com\/3s9Jh38X9t<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1912010526210633900?ref_src=twsrc%5Etfw\">April 15, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The <strong>U.S. administration<\/strong> is actively working to <a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/us-energy-secretary-says-we-can-stop-irans-oil-exports\/ar-AA1CLRoY?ocid=BingNewsVerp\">reduce <strong>Iran\u2019s oil exports<\/strong><\/a>, and these ongoing tensions have added <strong>supply risk<\/strong> to the market, keeping <strong>CL-OIL<\/strong> prices supported. <\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Outlook for CL-OIL Prices<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-latam\/wp-content\/uploads\/sites\/23\/2026\/03\/15.4_2-1-1024x450.jpg\" alt=\"\" class=\"wp-image-20868\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: CL-Oil tests resistance at 61.860 after a steady rally from 59.98, as seen on the\u00a0<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p><strong>CL-Oil<\/strong> increased by <strong>0.37<\/strong>%, closing at <strong>61.810 <\/strong>after opening at <strong>61.582<\/strong>. The price saw a steady rise, reaching a high of <strong>61.860 <\/strong>before retracing slightly to close near <strong>61.810<\/strong>.<\/p>\n\n\n\n<p>The moving averages (MA 5,10,30) indicate a bullish momentum, with the shorter-term moving averages crossing above the longer-term ones. This suggests potential for continued upward movement. The MACD (12,26,9) confirms this trend, showing a positive histogram as the MACD line (blue) moves above the signal line (yellow).<\/p>\n\n\n\n<p>Key levels to monitor include <strong>61.860 <\/strong>as immediate resistance and <strong>59.98 <\/strong>as support. A break above resistance could suggest further upside momentum, while a drop below support could indicate a bearish reversal.<\/p>\n\n\n\n<p>While <strong>CL-OIL<\/strong> has seen short-term gains, the outlook remains uncertain. In the short term, strong demand from <strong>China<\/strong> and <strong>tariff exemptions<\/strong> may provide support, but ongoing risks such as <strong>U.S.-China trade negotiations<\/strong> and <strong>geopolitical instability<\/strong> could create volatility in oil prices.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong>&nbsp;and&nbsp;<\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong>&nbsp;now.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CL-OIL rises amid Trump\u2019s tariff exemptions and strong Chinese oil imports. Geopolitical and trade uncertainty continue to drive price movements. -vtmarkets.com<\/p>\n","protected":false},"author":2,"featured_media":20863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[44],"tags":[48],"class_list":["post-20847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-oil"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/posts\/20847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/comments?post=20847"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/posts\/20847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/media\/20863"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/media?parent=20847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/categories?post=20847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/tags?post=20847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}