# Oil Prices Jump on US-China Tariff Reduction

> Oil futures rallied on Monday after the US and China agreed to temporarily cut tariffs for 90 days, with the US tariff on Chinese imports set at 30% and China's on US imports at 10%. WTI rose above $63 and Brent above $65, and ULSD and RBOB also gained.

- Date: 2025-05-12 · published 2025-05-12T12:00:00.000Z
- Category: trade · region Global · magnitude high
- Page: https://feedsoft.ai/events/12549-oil-prices-jump-on-us-china-tariff-reduction
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The tariff reduction lifts crude and product prices by easing recession fears and trade disruption, which raises diesel and energy costs for feed buyers.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-01-04 | [Oil prices rise on US-China trade talks and OPEC cuts](https://feedsoft.ai/events/10834-oil-prices-rise-on-us-china-trade-talks-and-opec-cuts.md) | +11.7% | +14.6% |
| WTI | 2019-01-09 | [Oil rises more than 2 pct on U.S.-China trade talk hope](https://feedsoft.ai/events/11168-oil-rises-more-than-2-pct-on-u-s-china-trade-talk-hope.md) | +4.5% | +8.1% |
| WTI | 2018-06-05 | [China reportedly offered to buy nearly $70 billion of US agriculture, energy products](https://feedsoft.ai/events/64397-china-reportedly-offered-to-buy-nearly-70-billion-of-us-agriculture-energy.md) | +2.1% | +14.1% |
| WTI | 2019-01-02 | [Oil prices rise sharply, bouncing off session low](https://feedsoft.ai/events/10832-oil-prices-rise-sharply-bouncing-off-session-low.md) | +9.7% | +17.5% |
| WTI | 2026-03-02 | [ICE Closing Review: Middle East, China push up canola prices \| The Western Producer](https://feedsoft.ai/events/20293-ice-closing-review-middle-east-china-push-up-canola-prices-the-western-producer.md) | +35.6% | +50.4% |
| BRENT | 2019-01-04 | [Oil prices rise on US-China trade talks and OPEC cuts](https://feedsoft.ai/events/10834-oil-prices-rise-on-us-china-trade-talks-and-opec-cuts.md) | +11.9% | +13.9% |
| BRENT | 2019-01-09 | [Oil rises more than 2 pct on U.S.-China trade talk hope](https://feedsoft.ai/events/11168-oil-rises-more-than-2-pct-on-u-s-china-trade-talk-hope.md) | +3.2% | +6.9% |
| BRENT | 2019-01-02 | [Oil prices rise sharply, bouncing off session low](https://feedsoft.ai/events/10832-oil-prices-rise-sharply-bouncing-off-session-low.md) | +10.8% | +17.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/news/world-policy/article/2025/05/12/oil-prices-jump-us-china-tariff

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.