Tag: crude oil prices
The long-awaited Saudi Aramco IPO is confirmed. Based on estimates, this could be the largest IPO. Also, Aramco could be the biggest listed company.
On Monday, WTI crude oil prices fell 1.5% and settled at $55.81 per barrel. So far, US crude oil active futures have risen 3.2% in October.
Today, as of 6:28 AM ET, US crude oil prices have risen 1.8%. Oil prices rose after the media reported that a missile hit Iranian oil tankers in the Middle East.
Just as the Fed is set to ponder an interest rate cut amid fears of a US slowdown, the People’s Bank of China has kept its one-year interest rate steady.