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
Oil prices jumped on Thursday, with U.S. oil settling sharply higher on growing hope for a deal to extend funding of the U.S. government and hopes for supply boosts from Libya and the Middle East.
Oil rose initially on news that Libyan Prime Minister Ali Zeidan was captured and held for several hours by former rebel militia. Later in the morning, a Twitter post commemorating the Yom Kippur war spooked traders, who initially mistook it as news of a serious escalation in Middle East violence.
Libya's oil output has recently recovered to 700,000 barrels per day, after falling at mid-year to its lowest since the country's 2011 civil war after a combination of strikes, militias and political activists blocked the majority of Libya's oilfields and ports in late July.
U.S. House of Representatives Republicans plan to offer President Barack Obama a short-term increase in the federal debt limit if he will agree to negotiate with Republicans on matters including funding to reopen the government, which has remained in partial shutdown since last week.
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