An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
The dollar struggled against most currencies on Tuesday as investors were reluctant to make fresh bets ahead of the outcome of a Federal Reserve meeting expected to result in a reduction of its massive stimulus program.
The euro, on the other hand, rose after an upbeat German sentiment survey. The ZEW think-tank's poll of economic sentiment rose to its highest since April 2010, suggesting a growing sense of stability that could support German Chancellor Angela Merkel's chances of winning a third term in Sunday's elections. That enabled the euro to hit the day's highs against the dollar at $1.3369.
The euro's gains, however, were limited in the run-up to the Fed's two-day policy meeting, which started on Tuesday.
The euro last traded up 0.2 percent at $1.3358, nearing a peak of $1.3385 hit on Monday, its highest since late August.
Against the Japanese yen, the dollar was last up 0.1 percent at 99.12 yen, but was expected to stay below chart resistance around 100 yen. The dollar, however, remains undervalued against the yen at current prices, with a fair value of 104.85 yen, according to data from BNP Paribas.
The dollar index, a gauge of the greenback's value against six major currencies, fell 0.2 percent to 81.14, declining for a fifth straight session.
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