Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
U.S. crude oil surged into the close of trading to settle above the key psychological level of $50 a barrel.
U.S. West Texas Intermediate crude ended Monday's session up 46 cents at $50.17, its first close above $50 a barrel since May 24. That pushed WTI's monthly gain to about 9 percent, making July the best month for the commodity since April 2016.
The milestone came after WTI posted its best weekly performance of the year, surging 8.6 percent last week, boosted by a big drop in U.S. crude stockpiles and Saudi Arabia's vow to cut oil exports in August.
U.S. WTI crude intraday
Prices first rose above $50 in overnight trade against the backdrop of U.S. threats to slap sanctions on Venezuela's energy sector after embattled President Nicolas Maduro proceeded with a vote to replace the nation's legislative body. The sanctions are seen as heaping pressure on Venezuelan state energy company PDVSA and potentially reducing the country's oil output even further than it has already fallen throughout a prolonged economic crisis.
OPEC also announced over the weekend that some members of the cartel, including top oil exporters Saudi Arabia and Russia, will meet next week to discuss ways to improve compliance with a deal to limit output among roughly two dozen crude-producing nations.
U.S. shale producers have begun reducing capital spending plans, a positive signal for observers concerned about surging American output weighing on oil prices.
U.S. WTI crude year to date
Some analysts believe oil prices will struggle to rise much above $50 a barrel though, citing a number of technical resistance levels and developments in the physical market.
Still, hedge funds and money managers have begun raising their bets that oil prices will rise in recent weeks. The volume of bullish bets on U.S. crude mostly fell from the end of February through the end of June.