Oil prices settle lower as IEA warns that trade tensions will undercut demand
Oil futures declined Thursday to trade lower for the week after the International...
Oil futures declined Thursday to trade lower for the week after the International Energy Agency’s monthly report underscored worries that rising global trade tensions could undercut energy demand.
West Texas Intermediate crude for April delivery fell $1.13, or 1.7%, to settle at $66.55 a barrel on the New York Mercantile Exchange, after climbing 2.2% Wednesday.
May Brent crude, the global benchmark, lost $1.07, or 1.5%, at $69.88 a barrel on ICE Futures Europe.
April gasolineedged down by 0.8% to $2.13 a gallon, while April heating oilfell2% to $2.16 a gallon.
Natural gas for April delivery settled at $4.11 per million British thermal units, up 0.7% after tapping an intraday low of $3.955.
S&P 500 closes in a correction as U.S. stocks slide on more Trump tariff threats
The S&P 500 officially joined the Nasdaq Composite...
The S&P 500 officially joined the Nasdaq Composite in correction territory on Thursday, after cementing a close at least 10% below its previous peak level.
U.S. stocks remain under pressure as President Trump continues negotiating freely with major U.S. trade partners. Alcohol products from Europe are now in the tariff spotlight.
The Dow Jones Industrial Average shed 536.36 points, or 1.3%, ending at 40,813.57.
The S&P 500 closed down 77.78 points, or 1.4%, at 5,521.52, logging its first correction since Oct. 27, 2023, according to Dow Jones Market Data.
The Nasdaq Composite shed 345.44 points, or 2%, closing at 17,303.01.
Treasury Secretary Scott Bessent attempted to sooth investors earlier in the session, saying the Trump administration was focusing on the economy long term, rather than three weeks of volatility in markets.
Despite early optimism on Wall Street about Trump's second term, the Dow, S&P 500 and Nasdaq have erased their gains since November's presidential election — and then some — ending Thursday at lows last seen in mid-September.
Natural gas has emerged as a pivotal component of the US export economy,...
Natural gas has emerged as a pivotal component of the US export economy, overtaking crude oil in importance. The country has transformed into the world's largest supplier of liquefied natural gas in just seven years, with production capacity expected to grow by 60% during President Donald Trump's second term, and the rapid expansion enabling the US to provide a significant portion of the world's LNG.
Hydrogen isn't fading -- it's evolving from an all-purpose climate...
Hydrogen isn't fading -- it's evolving from an all-purpose climate solution toward more targeted, practical applications in heavy industry, transportation and shipping, industry leaders said during a CERAWeek panel discussion. While blue hydrogen maintains a cost advantage, panelists warned that its future depends on clearer policies, stronger market incentives and expanded carbon capture infrastructure.
