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  • GDX
    MarketWatch5 minutes ago

    Gold churns ahead of potential Fed rate-hike clues

    Gold prices churned little moved for a second straight day on Wednesday with investors reluctant to stick out their necks ahead of a highly anticipated Federal Reserve release.

  • USO
    CNBC6 hours ago

    US oil holds near seven-week high; OPEC upbeat on output curbs

    U.S. oil prices held near seven-week highs on Wednesday after OPEC signaled optimism over its deal with other producers.

  • USO
    Barrons.com12 hours ago

    Saudi Aramco Ditches Asia, Aims For New York IPO: WSJ

    Saudi Aramco, Saudi Arabia's giant oil company, has picked JP Morgan (JPM), HSBC (HSBC) and Morgan Stanley (MS) as the lead underwriters for the world's largest ever IPO, according to the Wall Street Journal. While the world's largest oil producing company had spoken to exchanges in Hong Kong, Tokyo and Singapore, Saudi Aramco is "unlikely to pursue listing in those places," reported the Journal. New York is now the preferred listing location because it has "the world’s deepest pool of big-time investors and is among the world’s largest centers of financing for energy companies." The IPO of the company that manages the world's largest proved oil reserves of roughly 260 billion barrels comes as Saudi Arabia's senior leadership seek to modernize the kingdom and reduce its reliance on oil for the majority of its revenues.