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
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
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
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Goldman Sachs has trimmed the odds of the U.S. Federal Reserve raising interest rates next week, noting the absence of a clear indication that the central bank's rate-setting group was set to tighten policy.
Goldman cut the subjective odds of an interest rate hike to 25 percent from 40 percent previously, while raising the odds that the next increase will come at the December meeting to 40 percent from 30 percent previously, the bank's economists led by Jan Hatzius said in a note.
The new assessment from Goldman came after Fed Governor Lael Brainard warned on Monday against moving too quickly on rate hikes. Her comments followed a flurry of Fed speakers who in recent days had offered divergent views on the outlook for monetary policy.
Brainard, a voting member of the Federal Open Market Committee (FOMC), was the last scheduled Fed speaker before next week's meeting, and some market participants had speculated that her speech could be used as an opportunity to prepare markets for an interest rate increase.
"The lack of a signal is meaningful because if action were likely, the committee would normally make an effort to nudge the market toward anticipating a hike," the Goldman Sachs economists said in the note.
Still, the economists noted they were reluctant to cut their subjective probabilities further given uncertainty over the FOMC's intentions.