Oil futures ended lower Monday, dragged down by fears rising global trade...
Oil futures ended lower Monday, dragged down by fears rising global trade tensions could spark a recession or a slowdown as U.S. equities suffered their worst day of 2025.
West Texas Intermediate crude for April delivery lost $1.01, or 1.5%, to finish at $66.03 a barrel on the New York Mercantile Exchange.
May Brent crude the global benchmark, dropped $1.08, or 1.5%, to settle at $69.28 a barrel on ICE Futures Europe.
Back on Nymex, April gasoline ended 0.8%lowerat $2.093 a gallon, while April heating oil declined by 1.6% to $2.18 a gallon.
Natural gas for April delivery rose 2.1% to close at $4.491 per million British thermal units.
Dow drops nearly 900 points, Nasdaq sheds 4% as stocks slide on recession fears
U.S. stocks ended sharply lower on Monday as investors...
U.S. stocks ended sharply lower on Monday as investors reacted to recession fears and tariff concerns.
President Donald Trump refused to rule out the possibility of a recession in a television interview on Sunday, while Chinese tariffs on U.S. agricultural goods took effect on Monday in response to U.S. tariffs on Chinese imports that were imposed last week.
The Dow Jones Industrial Average lost 890.01 points, or 2.1%, to end at 41,911.71, its lowest closing level since Nov. 4, according to preliminary closing data from FactSet. It logged its largest one-day point and percentage declines since Dec. 18.
The S&P 500 fell 155.64 points, or 2.7%, to close at 5,614.56, its lowest closing value since Sept. 12. It recorded its largest one-day point and percentage declines since Dec. 18.
The Nasdaq Composite declined 727.90 points, or 4%, to close at 17,468.32, its lowest closing level since Sept. 11. The tech-heavy index posted its largest one-day point decline since March 16, 2020, and its largest one-day percentage decline since Sept. 13, 2022.
Losses for U.S. stock futures deepen as investors await opening bell
The gloom was worsening on Wall Street ahead of the opening...
The gloom was worsening on Wall Street ahead of the opening bell, with U.S. stock-index futures slipping to session lows and pointing to a sharply lower open Monday morning.
Remarks by President Donald Trump in a television interview Sunday, in which he refused to rule out the possibility of a recession, were getting the blame for the weakness in equities. They served to amplify fears surrounding the whiplash of Trump's tariff policies, which have seen the U.S. impose heavy tariffs on trading partners and then withdraw or modify a chunk of them while pledging more tariff action in the future.
Tech, regulations address the Permian's methane problem
An analysis by S&P Global Commodity Insights shows...
An analysis by S&P Global Commodity Insights shows that Permian Basin methane emissions dropped by 26% in 2023 as regulations tightened and drillers stepped up adoption of advanced leak-detection technologies. The reduction, amounting to over 34 Bcf, occurred despite higher oil and natural gas production.
That is, unless Congress can pass at least a short-term spending measure—but...
That is, unless Congress can pass at least a short-term spending measure—but even that will be no small feat. On Saturday, House Speaker Mike Johnson revealed a 99-page continuing resolution that would fund the government through September. It proposes a $20 billion cut on IRS enforcement and increases for the Defense Dept. and deportation efforts by the Immigration and Customs Enforcement, among other line items. House Republicans hold a four-seat majority (218–214) and, according to an analysis by ABC, can only afford one defection if all House members show up and vote. President Trump urged House Republicans to vote for the bill on Truth Social; House Minority Leader Hakeem Jeffries said that Democrats will not vote for it.
