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 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 sectors this year, spiked 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
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread 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
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread 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
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
A Russian Finance Ministry official told Reuters on Wednesday that the ministry had started converting foreign currency from its Reserve Fund into rubles, via its accounts at the central bank, earlier this week.
Maxim Oreshkin, head of the Finance Ministry's long-term strategic planning department, said the ministry intended to complete the conversion of 500 billion rubles ($8.01 billion), the amount that the government plans to spend from the Reserve Fund this year, by the end of the week.
The news sent the ruble higher against the dollar. By 1:40 p.m. GMT the dollar had fallen 1.5 percent against the Russian currency.
The conversion will not go via the forex market, at least initially, but the money could be used by the Treasury to be placed in Russian banks via deposit auctions, he said.
The central bank said in a response to questions from Reuters that it would take into account the situation on the forex market when considering when to convert the Reserve Fund money on the currency market.
The bank added that the conversion would not affect inflationary processes in itself, as the bank would use its other tools to compensate for the increase in ruble liquidity.