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U.S. oil climbs to 6 month high.

Top Daily News


U.S. oil climbs to a 6 month high.  Saudi Arabia reiterated a pledge to help balance the global crude market.  According to Reuters Saudi oil minister said they are willing to "do whatever it takes" to bring global crude inventories back to their five-year average.  U.S. crude exports have ramped up as the Gulf Coast oil infrastructure has come back online following the storm season.

Gold closes at a 2 week low.  Gold has had a volatile year.  There are many unknowns such as if the Fed chair will be dovish or hawkish.  Potential tax cuts and interest rate hikes have investors confused.