OIL PLUNGES 3% AS STOCKS FALL AFTER AI APP DEEPSEEK LAUNCHES

OIL PLUNGES 3% AS STOCKS FALL AFTER AI APP DEEPSEEK LAUNCHES
OIL PLUNGES 3% AS STOCKS FALL AFTER AI APP DEEPSEEK LAUNCHES

Oil Prices Drop: Oil prices fell by 3%, reaching their lowest in two weeks.

Stock Market Impact: Technology and energy stocks on Wall Street declined.

DeepSeek AI Launch: A Chinese startup, DeepSeek, launched a low-cost AI model, drawing significant attention.

China's Weak Economic Data: Concerns over China's weak economy added pressure.

Tariff Worries: U.S. President Trump's proposed tariffs raised fears about slower economic growth and reduced energy demand.