# Crude oil climbs more than $1.60 a barrel on tariff cuts, economic outlook | Reuters

> Crude rose more than $1.60 a barrel as US-China tariff cuts and an improved economic outlook lifted sentiment. Brent settled at $66.63 and WTI at $63.67.

- Date: 2025-05-13 · published 2025-05-13T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/24842-crude-oil-climbs-more-than-1-60-a-barrel-on-tariff-cuts-economic-outlook-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Tariff reductions support demand expectations and firm energy costs, which can lift diesel and freight costs for feed supply chains.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-05-12 | [Oil Prices Jump on US-China Tariff Reduction](https://feedsoft.ai/events/12549-oil-prices-jump-on-us-china-tariff-reduction.md) | +1.9% | +5.9% |
| 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 | 2023-09-19 | [Recent surge in WTI price curbs US oil flows to Europe, Asia \| Reuters](https://feedsoft.ai/events/34279-recent-surge-in-wti-price-curbs-us-oil-flows-to-europe-asia-reuters.md) | -1.6% | -5.1% |
| BRENT | 2018-12-03 | [Oil up 4 pct on trade truce, expected supply cuts](https://feedsoft.ai/events/10627-oil-up-4-pct-on-trade-truce-expected-supply-cuts.md) | +6.0% | -10.4% |
| 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 | 2025-01-30 | [Trump Slaps 25% Tariffs On Canada, Mexico: Loonie, Peso Slide, Oil Climbs - Invesco CurrencyShares Canadi - Benzinga](https://feedsoft.ai/events/26760-trump-slaps-25-tariffs-on-canada-mexico-loonie-peso-slide-oil-climbs-invesco.md) | -2.1% | -3.2% |
| WTI | 2025-05-12 | [Oil Prices Jump on US-China Tariff Reduction](https://feedsoft.ai/events/12549-oil-prices-jump-on-us-china-tariff-reduction.md) | +2.4% | +6.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oil-prices-ease-off-2-week-highs-after-us-china-pause-tariff-war-2025-05-13/

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