US Stock Market Move | Crude oil sector fell, Exxon Mobil Corporation (XOM.US) dropped more than 2.5%

On Monday, the crude oil sector fell, as of press time, Exxon Mobil Corporation (XOM.US) dropped more than 2.5%, Total (TTE.US) dropped over 3.5%, Occidental Petroleum Corporation (OXY.US) dropped more than 4%, ConocoPhillips (COP.US) dropped over 1.7%, SLB (SLB.US) dropped over 4%, Marathon Oil Corporation (MRO.US) dropped 0.46%. It was reported that the U.S. stock market suffered a heavy blow for the third consecutive day on Monday, as Trump imposed shockingly high tariffs on most of America's major trading partners, leading to a market collapse, but the White House remained unfazed. Shortly after the opening, the stock market experienced a brief rebound, with the Dow Jones Industrial Average entering into positive territory. Speculation about some form of tariff suspension circulated in the trading floor and social media, which may have been one of the reasons for the temporary market turnaround. The White House told the media that any claims about a 90-day tariff suspension are "fake news."