Backed by rising fuel demand and expectations that American plans for global reciprocal tariffs would not take effect until April, giving more time to avoid a trade war, oil prices rose in Asian trade on Friday, ready to end three weeks of decline.

Brent futures were up 23 cents, or 0.3%, to $75.25 per barrel at 5:05am GMT, while American West Texas Intermediate (WTI) crude gained 16 cents, or 0.2%, to $71.45 GMT, while American West Texas Intermediate (WTI) crude rose 16 cents, or 0.2%. For the week, Brent rose by around 0.6% and WTI by 0.5%

According to Yeap Jun Rong, a market strategist at IG, “a positive development on the trade front in light of US tariff delays is paving the way for some recovery in oil prices this morning, as the risk environment heats up to the prospect of a new commercial consensus.”