American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Oil prices dipped on Tuesday as speculators took profits for a second day after big third-quarter gains, but prospects for reducing the global crude glut lent support.
U.S. crude futures ended Tuesday's session down 16 cents at $50.42. The contract sank more than 2 percent in the previous session.
December Brent crude futures were down 24 cents at $55.88 a barrel at 2:26 p.m. ET (1826 GMT), having lost almost 2.5 percent on Monday.
Brent notched up a third-quarter gain of about 20 percent, the biggest increase for that quarter since 2004, and traded as high as $59.49 last week, but has since fallen about 6 percent.
Money managers have pushed their bullish bets on the Brent crude market to a record high in the last week, encouraged by signs of rebalancing between supply and demand.
But when positioning becomes too stretched, this can lead to abrupt shifts in the price.
"It's always problematic when you have this amount of speculative length in the market," Petromatrix strategist Olivier Jakob said.
"The price action ... for me is all about positions and potentially profit-taking on some of those speculative positions."
Oil briefly rose on Tuesday following comments from OPEC Secretary-General Mohammad Barkindo that compliance with the oil output cut deal between OPEC and non-OPEC nations is extremely high. He added that the global oil cartel was looking forward to strengthening its cooperation with Russia.
Last week prices rose on tension in Iraqi Kurdistan after the region's independence vote, with Turkey threatening to close a pipeline that brings oil from the region in northern Iraq to the Mediterranean. Turkey has not carried out the threat.
The recent rally had also been driven by signs that a three-year crude glut is easing, helped by a production-cutting deal among global producers led by OPEC.
However, Middle Eastern oil producers are concerned the price rise will stir U.S. shale producers into more drilling and push prices lower again. Key OPEC producers consider a price above $60 as encouraging too much shale output.
"Any time we get above 50 dollars a barrel drilling starts to ramp up, and thats going to bring the price of oil back down again," said Mark Watkins, regional investment manager at U.S. Bank.
He also noted that the summer driving season has come to an end, pushing down demand as autumn begins.
"Tomorrow's report well have to look at that data," he said, referring to the Energy Information Administration's closely watched weekly crude market report.
In the last 25 years, U.S. crude generated an average return of -7.5 percent and traded positive 40 percent of the time in the fourth quarter, according to a CNBC study using hedge fund analytics tool Kensho.
Offering a small boost was the expected drop in supply next month of the four largest North Sea crude grades that underpin the dated Brent benchmark.
— CNBC's Tom DiChristopher contributed to this report.
Disclosure: NBCUniversal, parent of CNBC, is a minority investor in Kensho.