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BRIEF-Oil States International revises Q3 guidance on Harvey impact
* Oil States revises third quarter 2017 guidance due to the
impacts of Hurricane Harvey
Trump to cut off key Obamacare subsidies: report
President Donald Trump intends to cut off key payments to health insurers, Politico reported Thursday night, in his most aggressive move yet to scrap Obamacare. Politico said the $7 billion in annual subsidies could end almost immediately, since Congress has not allocated any funds for the program. For months, Trump has threatened to cut off the payments, but many Republican lawmakers opposed the move because of the turmoil it could cause to insurance markets, including increased premiums. Politico said Trump may announce the cuts Friday. Late Thursday night, the attorneys general of New York and California said that a coalition of states would sue to preserve the subsidies if Trump moves against them. Earlier Thursday, Trump signed an executive order encouraging cheap insurance plans not subject to Affordable Care Act rules.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Oil up on lower U.S. rig count, expectation of Saudi output restraint
Oil prices edged up on Monday, after a 2 percent slide on Friday, as the number of rigs drilling for new oil in the United States dipped.
Oil up on lower U.S. rig count, expectation of ongoing Saudi output restraint
SINGAPORE (Reuters) - Oil prices edged up on Monday, after a 2 percent slide on Friday, as the number of rigs drilling for new oil in the United States dipped and on expectations that Saudi Arabia would continue to restrain its output to support the market.
Oil up on expectation of Saudi production restraint, lower U.S. rig count
SINGAPORE (Reuters) - Oil prices edged up on Monday, after a 2 percent slide on Friday, on expectations that Saudi Arabia would continue to restrain its output in order to support prices, and as the amount of rigs drilling for new oil in the United States dipped.
S&P 500 index gains after recent selloff; energy stocks fall
(Reuters) - The benchmark U.S. S&P 500 stock index ended up slightly on Monday after two days of declines, though a drop in oil prices weighed on energy shares and tensions between the United States and North Korea kept investors on edge.
Wall Street flat as North Korea, White House worries linger
(Reuters) - U.S. stocks were mostly flat in early afternoon trading on Monday amid concerns over the recent turmoil in the White House and simmering tensions between the United States and North Korea.
Oil prices dip on high OPEC supplies
Oil markets dipped on Friday, with U.S. crude remaining below $50 per barrel, restrained by rising output from the United States as well as producer club OPEC.
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