Global oil prices extend gains Tuesday, taking U.S. crude closer to $70 a barrel, as President Donald Trump's decision to renew 'snap back' sanctions on Iran rattles investors.
Gold prices are down so far this year, but one expert expects a rebound if the dollar rally starts to fade.
The largest U.S. oil and gas producer beat on revenue, but blamed the overall lackluster results on "scheduled maintenance to support operational integrity."
Just as the president is waging a war on global exporters in an effort to reduce the price of oil, his steel tariffs are costing U.S. companies hoping to build out necessary energy infrastructure that would in theory allow more U.S. oil to come to global markets.
Shares had risen earlier in the day, bolstered by restructuring progress and a recovery in international markets revenue.
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