The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
The new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.Airlinesread more
Global stocks fell on Friday after a drop in euro zone inflation showed the recovery is still weak there and concern persisted over the outlook for emerging economies.
Official figures showed the inflation rate in the 18-country euro zone dropped to 0.7 percent in December from 0.9 percent the previous month. That is far below the European Central Bank's target of just under 2 percent and has raised expectations of a rate cut next week.
The "data maintain the pressure on the ECB to do more to ward off deflation risks, perhaps as soon as next week," said Jonathan Loynes, chief European economist at Capital Economics.
(Read more: US stock futures point to a sharp drop at the open)
The figures added to jitters in markets over developing economies. Many of them have seen their currencies slide sharply over the past week on concerns that growth will slow and money will flow out of their economies as the U.S. Federal Reserve tightens its monetary policy, draining on global liquidity.
By midday in Europe, Germany's DAX was down 1.5 percent at 9,236.11 while France's CAC-40 fell 0.9 percent to 4,139.54. Britain's FTSE 100 was 0.9 percent lower at 6,482.55.
Among emerging economies, markets were also downbeat, particularly among currencies. The Turkish lira and the South African rand fell again, by 0.6 percent and 1 percent, respectively.
Earlier, in Asia, many markets were closed for the Lunar New Year holidays.
(Read more: Stocks down 4% in January! If history repeats ... )
Japan's Nikkei 225, the main index still trading, reversed early gains that were sparked by reported increases in inflation and factory output. Inflation is a possible sign of economic recovery in Japan, which has been plagued by falling prices during two decades of stagnation.
But a rise in the yen against the U.S. dollar was negative for exporting stocks, dragging the Nikkei down 0.6 percent to 14,914.53. The dollar was down 0.5 percent against the yen, at 102.20 yen.
Financial markets were closed in China, Hong Kong, South Korea, Taiwan, Indonesia, Singapore, Malaysia and the Philippines.
Among stock markets not observing the holiday, India's Sensex gained less than 0.1 percent to 20,504.69 and Thailand's SET was up 0.4 percent at 1,269.19. Australia's S&P/ASX 200 added less than 0.1 percent to 5,190 and New Zealand's benchmark gained 0.5 percent to 5,258.40.
Benchmark U.S crude for March delivery was down 43 cents at $97.80 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained 87 cents on Thursday.
In currencies, the euro was flat at $1.3558.
—By The Associated Press