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
The euro dipped below $1.13 on Thursday after the European Central Bank postponed the timing of its first post-crisis rate hike to 2020 at the earliest and launched a new round of cheap loans to banks.
The decision to tweak the bank's forward guidance on rates was a surprise for many investors, although the move in the euro was relatively small.
The single currency dropped 0.64 percent to $1.1233 from above $1.13 before the decision.
"Whilst such an announcement was expected at some point in the coming years, the market is welcoming this proactivity," said Karen Ward, chief market strategist for EMEA at JP Morgan Asset Management, referring to the ECB moves.
Investors have been hoping for a trigger to shake the euro/dollar out of its current narrow trading range.
The currency pair has experienced a quiet start to 2019 as central banks have put off tightening monetary policy as economic momentum slows. That has left investors struggling to decide on direction.
Thu Lan Nguyen, a currencies analyst at Commerzbank, said before the ECB announcement that should the central bank tweak its guidance then the risks for the euro were "to the downside."
The euro also fell slightly versus the Swiss franc to 1.1354 francs.
The dollar, measured against a basket of currencies, rose 0.49 percent to 97.35 as the euro sold off.
The dollar should slip over the coming year because U.S. economic growth is slowing and any boost from a resolution in the U.S.-China trade conflict is already priced in, according to a Reuters poll of strategists.
The Canadian and remained near two-month lows after investors bet their central banks would ease monetary policy as their economies slow.
The Aussie fell to a two-month low of $0.70205 after weaker-than-expected retail sales data, then recovered by 0.2 percent to $0.7049.
The Canadian dollar slid to its lowest since Jan. 4 after the Bank of Canada on Wednesday said there was "increased uncertainty" about future rate increases. It recovered to C$ 1.3426 on Thursday.
Sterling dropped to $1.3091 as European Union and UK sources played down the chances of a breakthrough in talks over their Brexit withdrawal deal.