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oil prices rise on us tariff exemptions and increased chinese imports
Oil prices rose slightly, buoyed by potential US tariff exemptions on cars and a rebound in Chinese crude imports amid expectations of tighter Iranian supply. Brent crude increased to $65.13 per barrel, while West Texas Intermediate reached $61.81, as market analysts noted the unpredictable nature of US trade policies impacting global oil demand. Additionally, data showed a nearly 5% rise in China's crude oil imports in March, driven by increased arrivals of Iranian oil.
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