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
CHICAGO, May 29 (Reuters) - Chicago Mercantile Exchange cattle futures firmed on Wednesday, supported by a steadying cash market, traders said.
Cash cattle traded at $115 in Kansas on Tuesday. That was unchanged from a week earlier and came after five straight weeks of declines, said Rich Nelson, chief strategist with Allendale Inc.
Hog futures also were firmer, bouncing from three-week lows on a round of bargain buying.
But gains were limited due to plentiful domestic supplies and ongoing concerns about both domestic and foreign demand, traders said.
"Big picture, we still have record amounts of hogs, record slaughter rates, record pork production and we await an export program," INTL FCStone said in a note to clients. "Two months ago there were hopes that we'd have some exports going by May and now I sense the industry has pushed those thoughts forward to the 'fall'."
CME June lean hogs closed up 1.225 cents at 85.2 cents per pound while actively traded July hogs ended 2.10 cents higher at 87.8 cents.
June live cattle rose 0.8 cent to 112.35 cents per pound, and actively traded August gained 0.075 cent to 107.85 cents.
August feeder cattle finished up 0.5 cent at 142.725 cents per pound and September feeders rose 0.35 cent to 143.025 cents. (Reporting by Mark Weinraub Editing by Tom Brown)