Oil
Saudi Arabia Raised by S&P as Economic Diversification Pays Off
Saudi Arabia’s credit rating was upgraded by S&P Global Ratings for the first time in two years, as the kingdom’s efforts to diversify the economy from oil pay off.
S&P 500 Stages Rebound After $5 Trillion Plunge: Markets Wrap
A bounce in stocks calmed nerves among equity investors, but the fallout from Donald Trump’s political maneuvering continued to shake global markets and rattle US consumers. Yields on German bonds surged as government leaders agreed on a massive defense spending package, while the ultimate haven asset — gold — topped $3,000 for the first time.
Oil Rises as US Sanctions on Iran, Russia Offset Bleak Outlook
Oil advanced as the US tightened sanctions against Iran and Russia, countering some of Thursday’s slump following a dour demand forecast from the International Energy Agency.
