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Stock impact report

Oil may extend gains if U.S.-Saudi ties continue to be strained [MSN Money]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: MSN Money
(Bloomberg) -- Oil may rise on speculation Saudi Arabia’s admission that a columnist was killed in the country’s consulate in Istanbul will strain the kingdom’s ties with the U.S. Saudi Arabia, the world’s biggest oil exporter, said on Saturday that Jamal Khashoggi, a critic of Crown Prince Mohammed bin Salman, died after an altercation in Turkey. The explanation was questioned by many politicians in the U.S. and leaders in Europe. Oil rose Friday for the first time in three days after U.S. President Donald Trump promised “very severe” consequences if Khashoggi turned out to be dead. “The issue for oil is if the Saudi explanation satisfies the U.S. president and Congress which it evidently doesn’t do completely yet,” Edward Bell, commodities analyst at Emirates NBD Bank PJSC, said Sunday. “It does raise questions about the integrity of the U.S.-Saudi relationship. The market will have a hard time answering those questions and an upward move in oil could come about.” © Bloo Show less Read more
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