SignalCommodities
Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia
Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia
Context
What happened: Wall Street traded mixed near its record high. Energy stocks gained as oil prices jumped, while technology stocks weighed on the market. Trump said Friday he struck a deal to buy Russian diesel from Putin.
Key numbers: Dow rose 91 points, or 0.2%. Nasdaq fell 0.1%.
Why it matters: The diesel deal aims to tamp down fuel prices ahead of the Nov. 3 midterm elections, but runs counter to U.S. efforts to cut money Russia gets from oil and gas sales. Energy prices and the economy are a key focus as Wall Street reviews housing, inflation and retail sales data.
Coverage: 10 outlets in 24h
What changed
Wall Street traded mixed near its record high. Energy stocks gained as oil prices jumped, while technology stocks weighed on the market. Trump said Friday he struck a deal to buy Russian diesel from Putin.
Why it matters
The diesel deal aims to tamp down fuel prices ahead of the Nov. 3 midterm elections, but runs counter to U.S. efforts to cut money Russia gets from oil and gas sales. Energy prices and the economy are a key focus as Wall Street reviews housing, inflation and retail sales data.