Oil Prices Climb USD 1 as US Court Blocks Trump TariffsSingapore, 29 May (ONA) — Oil prices today rose by around USD 1 a barrel after a US court blocked most of President Donald Trump’s tariffs.
Brent crude futures climbed USD 1.03, or 1.6 percent, to USD 65.93 a barrel.
US West Texas Intermediate crude advanced by USD 1.06, or 1.7 percent, to USD 62.90 a barrel.
A federal court has ruled that President Donald Trump overstepped his authority to impose sweeping tariffs that have raised the cost of imports for everyone.— Ends/Khalid
