U.S. petroleum production is on pace for a record-breaking year, helping to keep energy prices stable despite the efforts of Saudi Arabia and other major oil exporters to drive them higher.
U.S. markets were closed for Independence Day; Chinese metal producers’ stocks rose after Beijing set export restrictions on minerals used in advanced chips.
The oil market has flashed a warning to Saudi Arabia: The world economy is weakening, and the kingdom’s efforts to boost prices have run into a wall of excess supply.
The unnamed lawyer in a document released by FTC Chief Executive John J. Ray III appears to be the crypto exchange’s former chief regulatory officer, Daniel Friedberg, say people familiar with the matter.