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Oil soars 10% after attack on massive Saudi oil facilities

Oil futures jumped 10% on Monday after an attack on Saudi Arabian crude oil processing facilities over the weekend sliced the kingdom's production in half and threatened to hamper shipments from the world's largest crude exporter.



4 years ago

U.S. envoy tells U.N. Security Council indications Iran behind Saudi oil attacks

U.S. Ambassador to the United Nations Kelly Craft told the Security Council on Monday that emerging information on attacks on Saudi oil facilities "indicates that responsibility lies with Iran" and that there is no evidence the attack came from Yemen.



4 years ago

Oil prices up 12% after attack on key Saudi oil facilities

Oil prices jumped roughly 12% on Monday after an attack on Saudi Arabian crude oil facilities over the weekend sliced the kingdom's production in half and intensified concerns of retaliatory actions in the Middle East.



4 years ago

Energy stocks are having their best day of the year — Here are Wall Street's best buys from here

Energy stocks, one of the worst-performing sectors this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.

4 years ago

Evidence points to Iran weapons used in Saudi strike, says alliance, as oil jumps

An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said Washington was "locked and loaded" to hit back.



4 years ago

Cheers and honking horns greet first day of UAW strike against GM

Willie Elzy has been readying for a possible strike against General Motors Co for months and, pointing to a parking lot full of freshly built pickup trucks, he says it's clear the automaker has been preparing too.



4 years ago

Exclusive: F-35 chief to run Lockheed aeronautics as Evans undergoes medical treatment

Greg Ulmer, head of Lockheed Martin Corp's F-35 fighter program, will temporarily lead the company's aeronautics division while its current chief, Michele Evans, undergoes treatment for a "significant" medical issue, Evans told employees on Monday.



4 years ago

Wall Street drops after Saudi attacks; energy stocks limit losses

U.S. stocks fell on Monday on global growth worries after weekend attacks on Saudi Arabia's crude facilities hit 5% of the world's supply, but a sharp jump in crude prices lifted beaten-down energy stocks and kept losses in check.



4 years ago

Want to know how prepared you are for retirement? There's a score for that

You've heard of your credit score, but what about your retirement score? A new tool aims to help you understand just how far your current savings will go in your later years.

4 years ago

Why Partnerships Are the Future for Fintech

University of Pennsylvania | Wharton Knowledge | Sep 10, 2019 As the finance industry grapples with what the next generation of banks and payment systems will look like, it’s clear that partnerships are a linchpin for riding the wave of change successfully, whether you’re a multibillion-dollar traditional bank or a startup looking to bring cutting-edge

4 years ago

Energy Secretary Perry expects a 'coalition effort' to put a stop to Iran's 'malign activity'

U.S. Secretary of Energy Rick Perry spoke to CNBC's "Squawk on the Street" on Monday following a series of drone attacks on Saudi Arabia's oil facilities, which caused the largest disruption to the world's oil supply in history.

4 years ago

Evidence points to Iranian hand in oil attack, says Saudi alliance, as prices soar

An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said the United States was "locked and loaded" to hit back.



4 years ago

Atlantia's CEO set to step down as bridge probe darkens

The long-standing head of Italian infrastructure group Atlantia is ready to step down as a probe into a deadly bridge collapse snowballs, prompting its top shareholder, the Benetton family, to pull support, sources said on Monday. Giovanni Castellucci, who masterminded a multi-billion merger with Spanish rival Abertis last year, will hand in his resignation at an extraordinary board meeting on Tuesday, two sources close to the matter said.



4 years ago

Beleaguered U.S. energy shares soar after attacks on Saudi facilities

Shares of U.S. energy companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia's oil facilities gave new juice to a sector that has been a chronic underperformer.



4 years ago

Attacks on Saudi oil facilities - what will it mean for consumers?

The attacks on Saudi oil facilities on Saturday will drive up fuel prices worldwide in the world's largest outage in 50 years. Here's what it could mean for consumers.



4 years ago