India, May 29 -- Oil prices climbed on Thursday as tariff worries eased and industry data showed U.S. crude oil inventories fell last week, along with a decline in gasoline and distillate stockpiles, indicating a rebound in fuel demand.
Benchmark Brent crude futures rose about 1 percent to $64.94 a barrel in European trade while WTI crude futures were up 1.2 percent at $62.57.
A U.S. trade court has blocked most of U.S. President Donald Trump's tariff measures, ruling that he had overstepped his authority and the International Emergency Economic Powers Act (IEEPA) does not give him the power to impose the sweeping import taxes.
The court also blocked a separate set of levies the Trump administration imposed on China, Mexico and Canada, i...