Oil prices tick lower after Trump pauses Colombia tariffs and investors eye tech rout

Oil futures traded slightly lower Monday morning after President Trump paused steep retaliatory tariffs that he had threatened against Colombia, a key source of U.S. crude imports.

Oil futures may also be vulnerable to a negative overall market sentiment tied to a steep selloff in tech-related stocks, sparked by the emergence of Chinese startup DeepSeek, which has cheaply trained high-performing artificial-intelligence models and raised concerns about the outlook for AI-related spending..