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Jerome Powell smiles after taking the oath of office for his second term as Chair of the Board of Governors of the Federal Reserve System at the Federal Reserve Building in Washington, DC, on May 23, 2022.
Fed Chairman Jerome Powell.
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Biden and Mohammed bin Salman (MBS) fist bumping.
Saudi Arabia said Sunday it'd cut its oil output by 500,000 barrels a day.
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Oil storage facility in Texas
An oil storage facility in Houston, Texas.
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Vladimir Putin
Russian President Vladimir Putin slammed the EU's price cap on Russian crude, calling it "stupid."
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oil
Oil has dipped to around $82 amid a depressed global economic environment.