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
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"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
The European Central Bank (ECB) is warning governments and other investors to get ready for higher interest rates.
ECB member Benoit Coeure told a finance conference Monday that a looming adjustment to the bank's monetary policy is transparent.
"It's obvious that the financial sector, and other economic actors and especially governments must prepare (for higher rates),"
"I hope that euro zone governments know that interest rates will not stay at current levels," Coeure added.
Recent spikes in the cost of French and German debt has been pinned on scarcity in the market, exacerbated by the ECB's continuous buying.
"So far we see no evidence that the current constellation of interest rates bears risks or the smooth function of markets, nor to financial stability or the transmission of our policy," he said.
In an interview published on the ECB website Monday, fellow ECB board
"Incoming data are making us more confident that the economic expansion will continue to firm and broaden.
"But the important question is whether the adjustment of the path of inflation towards below, but close to, 2% would continue without our expansionary monetary policy," he said.
Praet said the bank's current monetary policy stance "remains appropriate".
Reuters contributed to this report