From Yahoo Finance: 2025-04-14 13:31:00

President Trump’s desire for lower oil prices has been realized, with crude oil futures nearing four-year lows. Wall Street analysts predict further declines, with intervention unlikely until prices hit $50 per barrel. JPMorgan forecasts a 20% drop, with WTI crude at $61 and Brent at $65 per barrel on Monday. Both benchmarks were down over 14% year-to-date. Industry insiders note rising drilling costs are impacting production, with rig count down to 567 from 598 in 2024. Energy-related stocks have plummeted, erasing first-quarter gains, with the S&P 500 Energy Sector down nearly 8% year-to-date. Despite deregulation, drilling costs have risen, impacting US shale producers. JPMorgan lowers year-end oil price forecasts, predicting a contraction in production. Wall Street analysts lower price targets for crude as demand fears grow due to escalating trade war and OPEC+ decision to increase output. President Trump’s plan to fill up the Strategic Petroleum Reserve remains unspecified, leaving analysts skeptical of price support. Read more for the latest news and updates on Trump’s tariffs. 1. The United Nations released a report stating that the world is not on track to meet its climate goals, with global temperatures on course to rise by 2.7 degrees Celsius by the end of the century.

2. The FDA approved a new drug for Alzheimer’s disease, the first of its kind in nearly two decades. The drug, developed by Biogen, targets the underlying cause of the disease rather than just treating symptoms.

3. A study published in a medical journal found that wearing two masks can significantly reduce the spread of COVID-19 compared to wearing just one mask. The study provides further evidence of the importance of mask-wearing in controlling the virus.

4. In a landmark decision, the Supreme Court ruled that LGBTQ individuals cannot be discriminated against in the workplace. The ruling affirms that Title VII of the Civil Rights Act protects employees from discrimination based on sexual orientation and gender identity.

Read more: Oil prices may need to fall another 20% before a ‘Trump put’ stops this year’s slide