These are the stocks posting the largest moves before the bell.Market Insiderread more
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
As investors worry about oil supply, airline and cruise ship stocks are getting hit on Monday, while some energy stocks are shooting upward.Marketsread 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 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
U.S. stock futures are under pressure Monday as oil prices spike higher after Saturday's coordinated strikes on key Saudi oil interests.Marketsread more
In the past few weeks, the S&P 500 has waged a 6% rally, pulling within 1% of its late-July record high by Friday's close.Trading Nationread 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
Libra representatives are in Switzerland to meet with officials from 26 global central banks, according to a report.Technologyread more
European stocks finished firmly in the red on Monday as investors failed to shake off concerns over a potential interest rate hike in September by the U.S. Federal Reserve.
Traders have been closely following comments by Fed officials for clues on the timing of a rate hike in the U.S. Recently, Fed speakers have sounded more hawkish. On Monday, Atlanta Fed President Dennis Lockhart delivered a speech in which he said a "serious discussion" on raising rates was warranted at the central bank's upcoming meeting. Fed Governor Lael Brainard is scheduled to speak after the European market close on Monday.
On Friday, Boston Fed President Eric Rosengren said the U.S. economy had proven to be more resilient to exogenous risks and that "gradual tightening is likely to be appropriate."
Commodity stocks took a sharp tumble in the first half of Europe's trade, following a fall in the oil price and on the prospect that a U.S. rate hike would strengthen the U.S. dollar.
The STOXX 600's Basic Resources sector fell more than 3 percent in trade, before paring to end down 1.68 percent. Most metal prices were lower, however copper eked out some gains. Despite this, Anglo American, BHP Billiton and Glencore all closed sharply lower.
Energy stocks also closed lower despite oil prices recovering on the back of a softer U.S. dollar and stronger performance on Wall Street. Oil prices were initially down following an increased rig count in the U.S.. At the close, Brent hovered at $48.42, while U.S. WTI was at $46.35.
In individual stock news, German utility E.ON fell 14.77 percent as Uniper, the power generation and energy trading business being spun off by the company, was due to start trading in Frankfurt.
Sticking with Germany, shares of Linde dropped 7 percent after merger talks with Praxair ended.
Primark owner AB Foods said on Monday that it was raising its full-year earnings outlook, yet shares tumbled, closing 10.8 percent down.
One standout stock on the STOXX 600 was lighting firm Osram. Shares of the German group rose 10.1 percent after Bloomberg reported that Siemens was considering selling its 17 percent stake of Osram Licht, citing unnamed sources.