Oil drops 3pc, stocks tank on DeepSeek news
NEW YORK: Oil prices fell about three per cent to a two-week low on Monday, pressured by losses in Wall Street technology and energy stocks, as investors took cover after news of surging interest in Chinese startup DeepSeek’s low-cost artificial intelligence model.
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DT Midstream is an oil and gas exploration company with a market cap of $11.34 billion. The price-earnings ratio is 21.
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