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October 18, 2019
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WTI Crude (Sep'19)

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Asia Pacific shares mixed in early trade; China’s GDP data ahead

CNBC
Asia Pacific markets were mixed in early trade Friday morning, as investors await the release of China’s third-quarter growth data with slowing growth continuing to be a concern amid the ongoing trade war with the U.S. Source link: Click here for more
CNBC Business

Hong Kong shares rise, led by property developers

CNBC
The Hang Seng Index jumped 0.65%, with shares of property developers rising after the city’s leader Carrie Lam announced on Wednesday measures to ease a housing shortage and calm anti-government protests. Source link: Click here for more
CNBC Business

Asia markets trade cautiously after US-China partial deal optimism fades

CNBC
China wants another round of talks before signing what U.S. President Donald Trump last week called “a very substantial phase one deal” between the two countries, a source told CNBC on Monday. Source link: Click here for more
CNBC Business

Asia stocks rise amid US-China trade optimism

CNBC
Stocks in Asia were higher on Friday as investors cheered positive developments on the U.S.-China trade front. Source link: Click here for more
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Asia markets set to trade higher ahead of high-level trade talks between US and China

CNBC
High-level trade talks between the world’s two largest economies are due to start on Thursday, but reports said that Chinese officials are growing hesitant to pursue a broad trade deal with the United States. Source link: Click here for more
CNBC Business

Oil drops after Iran’s president said US offered to remove all sanctions in exchange for talks

CNBC
Iranian President Hassan Rouhani makes a speech during a ceremony in Tehran, Iran on January 10, 2019. Anadolu Agency | Anadolu Agency | Getty Images Iranian President Hassan Rouhani said on Friday the U.S. offered to remove all sanctions on Iran in exchange for negotiations. WTI crude futures dropped 2.6%...
CNBC Business

Why Jim Cramer thinks it’s time to sell some of your oil stocks

CNBC
If your investment portfolio includes oil stocks, it is time to sell some of them, CNBC’s Jim Cramer said on Thursday. “I would scale them back,” the “Mad Money” host advised. If oil industry stocks “didn’t have a sustained move” this week after roughly half of Saudi Arabia’s oil production...
CNBC Business

Oil is heading lower for 3 reasons, says longtime trader

CNBC
The crude crush continues. Oil prices reversed on Tuesday to fall nearly 6% after surging over the weekend and on Monday, a monster move that followed a set of coordinated attacks on Saudi Arabia’s oil supply. The pivot came after the Saudi energy minister said the kingdom would have its...
CNBC Business

Jim Cramer explains how the market could shrug off a major oil shock

CNBC
The stock market barely flinched after a coordinated attack on the world’s largest oil producer over the weekend because the United States economy is vastly different from the one it was a decade ago, CNBC’s Jim Cramer said Monday. The Dow Jones Industrial Average fell 0.52%, or 142.70 points, the...
CNBC Business

This subgroup is poised to benefit most from the crude oil surge

CNBC
Energy stocks are surging. A set of coordinated attacks that took down more than half of Saudi Arabia’s oil supply caused the biggest spike in Brent crude prices in history over the weekend, sparking a widespread rally in the energy sector on Monday as the major averages turned lower for the first...
CNBC Business

Attacks on Saudi oil facilities will raise U.S. gas prices

CNBC
U.S. gas prices will increase about 20 cents per gallon because of the recent attacks in Saudi Arabia, oil analyst Andy Lipow predicted Monday on CNBC. That should lead the national price-per-gallon average to surpass $2.70 “over the next week to 10 days,” Lipow said on “Power Lunch.” The average...
CNBC Business

Oil prices could go higher if there’s a military escalation

CNBC
An employee walks past crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Simon Dawson | Bloomberg | Getty Images The growth of the U.S. as both oil producer and...
CNBC Business

Saudi drone strikes wipe out 5% of global supply

CNBC
Smoke billows from an Aramco oil facility in Abqaiq after drone attacks sparked fires at two Saudi Aramco oil facilities. AFP | Getty Images Drone attacks on two critical production facilities in Saudi Arabia over the weekend have boosted concerns about supply security in the Middle East and raised the...
CNBC Business

Oil stocks in Asia Pacific after drone attacks in Saudi Arabia

CNBC
An Aramco oil facility at the edge of the Saudi capital Riyadh. Fayez Nureldine | AFP | Getty Images Stocks of oil companies across Asia Pacific jumped Monday morning, following drone attacks over the weekend that knocked out about half of Saudi Arabia’s daily crude production. In Australia, shares of...
CNBC Business

Attacks on oil supply wipe out spare capacity

CNBC
The attacks on critical oil production facilities in Saudi Arabia over the weekend will effectively wipe out the world’s spare oil capacity, an expert from S&P Global Platts said on Monday. Drone strikes attacked a oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday, knocking out...
CNBC Business

Dow set to fall on fears spiking oil will slow the global economy

CNBC
Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images U.S. stock futures dropped on Sunday night amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic...
CNBC Business

Brent crude jumps 12% after drone strikes disrupt Saudi oil production

CNBC
Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019. Stringer | Reuters Oil prices jumped more than 10% after a coordinated drone attack hit the heart of Saudi Arabia’s oil industry on Saturday, forcing the kingdom to cut its...
CNBC Business

US closing in on Saudi Arabia to become the world’s top exporter, IEA says

CNBC
A worker walks through an oil production facility owned by Parsley Energy in the Permian Basin near Midland, Texas, August 23, 2018.  Nick Oxford | Reuters  The International Energy Agency (IEA) expects the U.S. to challenge Saudi Arabia‘s position as the world’s leading oil exporter, after briefly overtaking the OPEC...

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