China Restricts Rare Earths Exports, Again

The U.S. stock market bounced back on Tuesday, making the first sizable gains ever since U.S. President Donald Trump imposed a minimum 10% tariff on all imports from 90 countries, roiling financial markets across the globe. However, oil markets have struggled to advance after posting heavy losses to trade at multi-year lows on fears of a full-blown trade war. Brent crude for June delivery slipped 0.4% to trade at $63.94 per barrel at 11.45 am ET on Tuesday, a level they last touched in February 2021, while WTI crude for May delivery was flat on…