5 things to know before the stock market opens Monday

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Here's what you need to know before the stock market opens: - Oil prices spiked after Saturday’s coordinated drone strikes on a key Saudi oil processing facility. - Union workers at GM walk out after contract talks fail. Read more:

after the attack on Saudi Arabia, but the Trump administration is waiting for Riyadh to determine who launched the strikes before taking action. "There is reason to believe that we know the culprit," Trump tweeted. Yemen's Houthi rebels claimed responsibility, but the U.S. has pointed the finger at Iran. Secretary of State

accused Tehran of launching an "unprecedented attack on the world's energy supply." Trump authorized the release of oil from the U.S. strategic petroleum reserve to keep the market well supplied.It may take Saudi Aramco, the kingdom's national oil company, months to resume normal crude production after the weekend attacks, according to a Reuters report. The strikes forced aor about 50%. That's equivalent to about 5% of the global oil supply.

 

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This is the carnage.

also trump is still president and a series of looming crises inch closer every day

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