Global oil markets eased modestly Tuesday, following the biggest single-day surge in more than three decades, but prices could continue to climb in the coming weeks as investors assess the impact of weekend drone attacks on Saudi oilfields and look to U.S. shale production to fill the expected gap in world crude supplies.
Global oil prices surged the most in more than two decades Monday after a weekend drone attack on two Saudi Arabian crude facilities that could shutdown at least 5% of world production and spark renewed concerns of military conflict in the Gulf region.
The first of the IPO's two parts was slated to kick off in November. The Saudis mull whether to delay it until they're able to restore oil output to preattack levels, the Wall Street Journal reports.
Gold has a dual role as both a currency and a commodity.