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Commodities1 hour ago (Nov 06, 2017 04:12AM ET)
© Reuters. Oil advances following Saudi purge- futures jumped to their highest since July 2015, while WTI futures touched $56 a barrel following a new wave of arrests of royals and ministers in a Saudi corruption probe.
- It was orchestrated by Crown Prince Mohammed bin Salman, who’s backed OPEC-led output cuts.
- Game of thrones? The purge also led to the arrest of business billionaire Prince Alwaleed, whose investment firm Kingdom Holding has big stakes in Citigroup (NYSE:) and Twitter (NYSE:).
- ETFs: , , , , , , , , , , , , , , , , , , , USOI
- Now read: Which Way Wednesday – S&P 2,500 Or Bust!
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Source: Investing.com
