Oil prices end lower on Trump’s tariff talk, concerns over AI-related power demand
Oil futures settled lower on Monday, as the Trump administration’s...
Oil futures settled lower on Monday, as the Trump administration’s ongoing tariff threats and their potential economic impact, along with concerns over the potential for a slowdown in AI-related power demand, contributed to a 2% drop in U.S. benchmark crude prices.
President Donald Trump paused steep retaliatory tariffs that he had threatened against Colombia, a key source of U.S. crude imports, but the risk of U.S. tariffs on Canada and Mexico remained.
Meanwhile, the emergence of Chinese startup DeepSeek, which has cheaply trained high-performing artificial-intelligence models, raised concerns about the outlook for AI-related spending and power needs.
West Texas Intermediate crude for March delivery declined by $1.49, or 2%, to settle at $73.17 a barrel on the New York Mercantile Exchange.
March Brent crude , the global benchmark, shed $1.42, or 1.8%, to $77.08 a barrel on ICE Futures Europe.
February gasolinelost 1% to $2.03 a gallon, while February heating oil fell 2.2% to $2.46 a gallon.
Natural gas for February delivery settled at $3.70 per million British thermal units, down 8.2%, after gaining 2% last week.
Dow ends higher while Nasdaq, S&P 500 each post worst day since Dec. 18
U.S. stocks ended mostly lower on Monday, as attention...
U.S. stocks ended mostly lower on Monday, as attention on Chinese startup DeepSeek raised the prospect of cheaper AI development, sparking a tech selloff.
The Dow Jones Industrial Average rose 289.33 points, or 0.7%, to end at 44,713.58, according to Dow Jones Market Data.
The S&P 500 declined 88.96 points, or 1.5%, to finish at 6,012.28, for a back-to-back loss. The index saw its largest one-day point and percentage decline since Jan. 10.
The Nasdaq Composite fell 612.47 points, or 3.1%, to close at 19,341.83, for a back-to-back loss. The index recorded its largest one-day point and percentage decline since Dec. 18, 2024.
The Dow outperformed the Nasdaq Composite by 3.7%, the largest outperformance since Nov. 9, 2020, when the margin was 4.5%.
President Donald Trump has pledged to ensure reliable liquefied natural...
President Donald Trump has pledged to ensure reliable liquefied natural gas supplies to Europe and brushed off concerns about potential hikes in domestic gas prices. However, ExxonMobil Europe President Philippe Ducom cautioned that Europe's reluctance to sign long-term contracts and limited US LNG capacity until 2026 may jeopardize supply security and exacerbate energy costs for vulnerable industries.
Trump urges Egypt and Jordan to take in Palestinians from Gaza
On Saturday, President Trump said he’ll ...
On Saturday, President Trump said he’ll encourage the two US allies to receive Palestinian refugees from the devastated enclave, which he described as a “demolition site,” and that the goal would be to “just clean out that whole thing.” Egypt and Jordan—as well as Palestinians themselves—have forcefully rejected that proposal. Meanwhile, Israeli Prime Minister Benjamin Netanyahu announced that an agreement had been reached for the release of six Israeli hostages this week, resolving a weekend dispute that led Israel to prevent Palestinians from returning to their homes in northern Gaza. They’ll be able to move back starting today.
On Wednesday, the Federal Reserve will wrap up its first policy meeting...
On Wednesday, the Federal Reserve will wrap up its first policy meeting of the year and its first for Trump’s second term as president. The actual interest rate announcement won’t set off fireworks—the Fed is pretty much guaranteed to hold rates steady—but Chair Jerome Powell’s press conference should be must-see TV. Investors will be glued to his comments on the possibility of future rate cuts this year and his response to Trump saying he’ll “demand that interest rates drop immediately” to the Davos crowd last week.
