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Crude for June delivery increased $ 1.84 or 3.2 percent to $ 1.02 or 1.7 percent to $ 58.07 per barrel to settle $ 59.91 per barrel.
Rebound from the price of crude oil, President Donald Trump came after unveiling the structure of the trade agreement with the UK.
While the final details are still “written,” Trump claimed that the deal included a market access to billions of dollars for US exports, especially in agriculture, and Britain would see many non-tariffs reduced or abolished.
Even with this deal, 10 percent tariff trump imposed on most countries in early April will remain in place for imports from UK.
The announcement helped reduce uncertainty about trade after yesterday that Treasury Secretary Scott Besent would meet with China’s prominent representative on economic matters during his visit to Switzerland.
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