09:16 AM EDT, 03/10/2025 (MT Newswires) -- Oil rose for a third day on Monday even as China's economy weakened in February and U.S. President Donald Trump's tariff threats continue to roil markets.

West Texas Intermediate crude oil for April delivery was last seen up US$0.33 to US$67.37 per barrel, while May Brent crude rose US$0.32 to US$70.68.

The rise comes as China reported consumer prices weakened last month, while wholesale prices also dropped. The country is the No.1 oil importer but its demand growth has stalled as its key real-estate sector deals with a debt crisis and consumer spending falls.

China's "National Bureau of Statistics Consumer Price Index fell 0.7% last month year-on-year and 0.2% month-on-month against a 0.7% rise in January. The Producer Price Index has now fallen every month since September 2022 as overcapacity and weak consumption continues deflation or stagflation bannering by many economists", PVM Oil Associates noted.

Rising oil prices also come as U.S. trade policies continue to unsettle traders. President Donald Trump continues to threaten to impose tariffs on the U.S.'s largest trading partners even as he delays the imposition of the levies. Trump last week postponed tariffs on imports covered by a free-trade agreement with Mexico and Canada to April 2, while doubling the tariffs on Chinese imports to 20%.