Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities at the weekend halved the kingdom's production.
Apple will launch a legal challenge on Tuesday to a European Commission order to pay 13 billion euros ($14.4 billion) in Irish back taxes in a landmark case in the EU's crackdown on tax avoidance by multinational companies.
U.S. Secretary of State Mike Pompeo told Iraqi Prime Minister Adel Abdul Mahdi that the United States has information confirming Baghdad's denial that Iraqi territory was used to launch an attack on Saudi oil facilities, Iraq said on Monday.
As investors worry about oil supply, airline and cruise ship stocks are getting hit on Monday, while some energy stocks are shooting upward.
U.S. stock index futures slipped on Monday after the weekend attack on Saudi Arabian oil facilities knocked out 5% of the world's supply, sparking concerns over global economic growth and heightening tensions in the Middle East.
U.S. President Donald Trump said on Monday the United States would help its allies despite U.S. energy independence, after Washington blamed Iran for an attack on Saudi Arabia that has closed 5% of global crude output.
Funding Report for Week Ending 9/15/2019
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New Companies for Week Ending 9/15/2019
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Saudi Aramco has changed the type of crude loading onto a tanker due to go to Asia to Arab Heavy from Arab Light, a source familiar with the matter said.
The German government said on Monday its supply of oil was not affected by attacks at the weekend against Saudi refineries and any decision to release strategic reserves needed to be made jointly with members of the International Energy Agency (IEA).
The oil market is resilient and will react positively to the attack on Saudi Arabia's oil industry, U.S. Energy Secretary Rick Perry said on Monday, blaming the attack firmly on Iran.
The European Commission said on Monday it was important to determine the facts behind the attack on Saudi Arabia's oil facilities before establishing who was responsible.
The attacks against oil refineries in Saudi Arabia have so far had no impact on prices at filling stations in Germany, the country's Petroleum Industry Association said on Monday.
Allianz Global Investors , the biggest shareholder of Osram , is prepared to sell its stake to chipmaker AMS in the course of its 4.3 billion euro ($4.75 billion)takeover attempt if no better bid is made, a source said on Monday.
The style of attack used against oil plants in Saudi Arabia that knocked out half of the country's production on Saturday is unlikely to be a risk in the United States, energy and security experts say.