Global oil markets resumed their relentless decline Tuesday after Saudi Arabia's influential energy minister suggested that OPEC could extend its agreed production cuts until the end of the year, defying calls from President Donald Trump to pump more crude and lower U.S. gas prices.
The derivative markets are telling us we are complacent about equities.
Global oil prices and geopolitical tensions rise as waivers to buy Iranian oil expire.
As engines of job growth, small and mid-size companies like those found on the Russell 2000 can provide economic forecasting.
Global oil markets extended gains Tuesday, lifting both U.S. crude and domestic gas prices to six month highs, as investors looked to whether Saudi Arabia can fill the supply gap left by sanctions on the sale of Iranian crude that could remove 1.3 million barrels of exports each day.
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