Oil prices inch higher after sliding in DeepSeek-inspired tech rout
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2025
0mins
Source: MarketWatch
Oil Futures Movement: Oil futures experienced a modest increase following a selloff influenced by the emergence of DeepSeek, a Chinese startup with a low-cost AI model that negatively impacted tech shares and raised concerns about future AI power generation needs.
Market Dynamics: The rise in oil prices coincided with U.S. benchmark stock indexes mostly trading higher after Monday's tech downturn, which had initially caused risk aversion and a decline in crude prices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
