Energy markets panic over tariffs, but then relax

Energy markets on Monday at least partly shrugged off the potential impact on prices of new U.S. tariffs. 

Most of the tariffs are set to take effect on Tuesday, though Trump extended the deadline for Mexico by one month after its president pledged to deploy 10,000 National Guard troops to the U.S.-Mexico border. 

In the immediate aftermath of the announcement, West Texas Intermediate (WTI) — a domestic benchmark — crude futures surged by $2.65 per barrel, outpacing...

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