05:05 AM EDT, 04/14/2025 (MT Newswires) -- Crude oil prices gained on Monday after the U.S. announced exemptions to its tariffs on smartphones, computers and other electronic goods mostly from China, but prices remained under pressure as concerns remain about the impact of the trade war between the two countries.

Brent crude rose 0.5% to US$65.07/barrel and West Texas Intermediate crude gained 0.5% to US$61.83/b at last look early Monday. The policy announcements that imposed tariffs and then eased or removed them again spurred uncertainty for investors, Reuters said in a Monday report.

"[There] is still a lot of fragility; you have policy risk around this erratic approach to trade that continues to weigh on markets," Reuters quoted Harry Tchilinguirian, global head of research at Onyx Capital Group, as saying.

Analysts lowered their oil price forecasts as the trade war between the U.S. and China has intensified, Reuters reported. Goldman Sachs forecast an average of US$63 for Brent and US$59 for WTI for the remainder of 2025.

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