U.S. equities traded sideways on Monday as investor sentiment wavered following President Donald Trump's weekend announcement of a sweeping 30% tariff on all imports from the European Union and Mexico, set to take effect August 1.
Benchmark Brent crude prices rose by 0.2% to $70.47 per barrel, while U.S. West Texas Intermediate crude prices gained 3 cents to $68.49 per barrel at 2.42 a.m. GMT.
Wall Street is poised to conclude the week on a cautious note, with equities easing on Friday after President Donald Trump signaled a more aggressive trade stance.
BP (NYSE: BP) expects varied Q2 results due to lower oil prices, higher production, and seasonal demand shifts. Debt reduction and impairment charges also expected.
Benchmark Brent crude gained 0.1% at $70.27 per barrel, while U.S. West Texas Intermediate crude advanced eight cents to $68.46 per barrel at 7.38 am GMT.
U.S. stocks were little changed on Tuesday as investors stayed cautious following a series of letters from the White House to major trading partners, outlining sweeping new tariffs.
President Donald Trump sent markets into a tailspin Monday after officially announcing sweeping 25% tariffs on all imports from Japan and South Korea, starting Aug. 1. The new tariffs apply to all goods from the two Asian economies and are in addition to any existing sector-specific duties.
Shell plc released updated financial outlook for Q2 2025, expecting reduced production in gas and upstream segments and stronger earnings in marketing. Tax, derivative, and working capital fluctuations contribute to overall cash flow uncertainty.
Benchmark Brent crude prices fell 1% to $67.63 per barrel, while West Texas Intermediate (WTI) crude prices were down 1% at $65.83 per barrel at 2.28 am GMT.
