Fed Rate Hike Expected Today: Here's Where Benzinga Readers Think SPY Closes
A rate hike is expected to be announced by the Federal Reserve Wednesday. Benzinga viewers predict what that could mean for the S&P 500.
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U.S. Energy Secretary Chris Wright Speaking On Fox Says 18M Barrels Flowed Out Of Persian Gulf Yesterday; Says More Flow Through Bab El-Mandeb Strait Would Be Helpful
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Oil is trading lower amid multiple catalysts including reports suggesting Saudi Arabia is offering ship-to-ship transfers for sales, that U.S. officials held talks with Houthi rebels in Oman last weekend, and that Saudi Arabia is trying to restore half of its East-West pipeline capacity within days. Also, API and EIA data indicated weekly U.S. crude and distillate inventory growth, further pressuring the oil price.
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