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Oil Rises as Traders Weigh U.S. Tariffs
Oil prices edged higher as the market digested U.S. President Trump's latest tariff threats.
Brent crude and WTI are both up 0.7% to $75.18 and $71.50 a barrel, respectively, following a series of weekly losses.
Trump plans to impose a 25% tariff on steel and aluminum imports on Monday and make an announcement about reciprocal tariffs for all trading partners on Tuesday or Wednesday. Meanwhile, China's counter tariffs on a range of American products are due to take effect on Monday.
