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
"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
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
The U.S. trade deficit fell more than expected in July as exports rose to their highest level in 10 months, offering further evidence that economic growth picked up early in the third quarter.
The Commerce Department said on Friday the trade gap narrowed 11.6 percent to $39.5 billion, declining after three straight months of increases. June's trade deficit was revised slightly up to $44.7 billion.
Economists polled by Reuters had forecast the trade gap decreasing to $42.7 billion in July after a previously reported $44.5 billion shortfall. When adjusted for inflation, the deficit dropped to $58.3 billion from $64.5 billion in June.
The trade report added to upbeat reports on consumer spending, industrial production and residential construction that have suggested the economy has regained momentum after output increased 1.0 percent in the first half.
Despite July's increase, exports continue to be hobbled by the residual effects of the dollar's surge against the currencies of the United States' main trading partners between June 2014 and December.
Export growth could come under pressure. International Monetary Fund Managing Director Christine Lagarde told Reuters this week the IMF would likely downgrade its 2016 global growth forecast because of weak demand, flagging trade and investment.
Exports of goods and services rose 1.9 percent in July to $186.3 billion, the highest since September 2015. Exports to the European Union dropped 9.5 percent, with goods shipped to the United Kingdom falling 9.2 percent.
Exports to China increased 3.8 percent.
Imports of goods and services slipped 0.8 percent to $225.8 billion in July. Oil prices averaged $41.02 per barrel in July, the highest level since September 2015.
It was the fifth consecutive month that oil prices increased.
Imports from China rose 2.4 percent. The politically sensitive U.S.-China trade deficit increased 1.9 percent to $30.3 billion in July.