Oil prices rose a second week in a row despite some profit-taking Friday on the back of a strong US consumer sentiment report that could dissuade the Federal Reserve from being too comfortable with its recent victory over inflation

China and Cuba have concluded a secret several billion dollar deal for China to establish an electronic surveillance facility in Cuba to spy on US military bases, The Wall Street Journal reported on Thursday, citing people familiar with the matter

The May selloff in oil accelerated as crude prices tumbled nearly 5% early on Wednesday, in a near repeat of the previous session, as investors fretted over what the Federal Reserve would do with interest rates in the softening US economy

Oil prices hit a two-month low Tuesday after the collapse of one of America's top 20 banks led ratings agency Moody's to downgrade the country's banking sector, a move analysts said could negatively impact the economy and its demand for energy

The US Justice Department launched an investigation into the collapse of Silicon Valley Bank (SVB), The Washington Post reported on Tuesday, citing a person familiar with the matter

The current serious banking sector problems in the United States will spill over to other countries and the Federal Reserve must end its high interest rate policy, former US Assistant Treasury Secretary Paul Craig Roberts told Sputnik

The current serious banking sector problems in the United States will spill over to other countries and the Federal Reserve must end its high interest rate policy, former US Assistant Treasury Secretary Paul Craig Roberts told Sputnik