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
U.S. government debt prices were under pressure on Wednesday, as investors digested the results of note sales and the release of Federal Open Market Committee's (FOMC) latest set of minutes.
The Treasury Department auctioned $20 billion in 10-year notes at a high yield of 1.793 percent, its highest level since March. The bid-to-cover ratio, an indicator of demand, was 2.53, slightly below a recent average of 2.57.
Indirect bidders, which include major central banks, were awarded 62.7 percent, below a recent average of 65 percent. Direct bidders, which include domestic money managers, bought 6.6 percent, below a recent average of 10 percent.
The yield on the benchmark 10-year Treasury note sat higher at around 1.78 percent at 3:24 p.m. ET; it briefly broke above 1.8 percent for the first time since early June, according to Reuters. The yield on the 30-year Treasury bond was also up at 2.51 percent, after hitting its highest since June. Bond yields move inversely to prices.
Earlier, the Treasury Department auctioned $24 billion in three-year notes at a high yield of 1.045 percent, its highest level since January. The bid-to-cover ratio, an indicator of demand, was 2.92, slightly higher than a recent average of 2.84.
The yield on the three-year yield ticked lower after the sale and last sat near 1.02 percent.
Indirect bidders, which include major central banks, were awarded 52.1 percent, near a recent average of 52 percent. Direct bidders, which include domestic money managers, bought 10.1 percent, near a recent average of 10 percent.
Reuters reported that the share of direct bidder purchase was the largest since July, while the share of indirect bidder purchase was the smallest since July.
Amid discussion around the upcoming U.S. election and fluctuation in the oil price, the U.S. Federal Reserve is back on the table on Wednesday as the FOMC release its latest set of minutes from its September meeting.
In the minutes released Wednesday, Federal Reserve officials in favor of raising interest rates expressed concerns that waiting too long to do so could send the country into recession.
New York Fed President William Dudley characterized U.S. inflation expectations as "well-anchored." Dudley also said if the Fed were to redo its quantitative easing, or asset purchase program, that "we would have gotten to a more aggressive posture sooner than we did."
In economic news, mortgage applications fell 6 percent last week as rising rates weighed. The August job openings and labor turnover survey, also released Wednesday, showed the number of job opening falling to 5.4 million.
—CNBC's Fred Imbert and Christine Wang contributed to this report.