MARKET MOVEMENTS:--Brent crude oil is down 0.9% at $85.48 a barrel. TOP STORY:The Era of Ultracheap Stuff Is Under ThreatThe workplace features floor-to-ceiling windows and a cafe serving matcha tea, as well as free yoga and dance classes. --Saudi Aramco Profit Falls on Lower Crude PricesSaudi Arabia's national oil company reported a fall in quarterly profit due to lower crude oil prices and weaker refining and chemical margins. Brent crude oil inches down less than 0.1% to $86.20 a barrel while WTI declines 0.8% to $82.75 a barrel. The attacks could threaten a new risk to Black Sea commodity flows and boost shipping insurance rates in the region.

Source: Wall Street Journal August 07, 2023 16:38 UTC