Commodities tied to clean energy and electrification showed resilience in 2024, despite the global manufacturing slowdown and Trump’s roll back of “green” agenda items.

U.S. oil prices fell by more than $1 a barrel in early Asian trading on Tuesday after President Donald Trump took office and announced a plan to maximise U.S. oil and gas production by declaring a national emergency.

Oil futures ended lower on Tuesday as traders weighed prospects for crude supplies after President Donald Trump vowed to boost already record U.S. crude output, threatened to implement a steep tariff on Canadian imports and called for replenishing the Strategic Petroleum Reserve.

Trump said In his inaugural address that the US has "the largest amount of oil and gas of any country on Earth, and we are going to use it."

By Timothy Gardner, Valerie Volcovici and Andrea Shalal WASHINGTON (Reuters) -President Donald Trump on Monday laid out a sweeping plan to maximize already record high U.S. oil and gas production by declaring a national energy emergency,

President Donald Trump announced on Monday he would declare a national energy emergency, with the goal of reducing costs for Americans. He said he would end a federal mandate on electric vehicles and the Green New Deal — seemingly in reference to climate policies by former President Joe Biden aimed at reducing fossil fuel consumption — but offered few other details in his speech.