Oil

The United States also responded to a decline in China's yuan on Monday by branding the country a currency manipulator.

GasBuddy's head of petroleum analysis, Patrick Dehaan, thinks gasoline prices will lower by 50 cents per gallon until the end of the year.

U.S. crude inventories fell by 8.5 million barrels.

If the Fed cuts rates, it could increase what you pay for gas and even impact the cost of goods.

The market was up on optimism over U.S.-China trade talks, which could boost oil demand around the world.

The price is 10 cents lower than what it was a year ago.

U.S. economic growth slowed less than expected strengthening the outlook for oil consumption.

Prices were also supported by a fall in U.S. crude stocks by nearly 11 million barrels.

About a fifth of the world's oil flows through Strait of Hormuz.

The company operating the facility, Philadelphia Energy Solutions, filed for Chapter 11 bankruptcy. It's the second time the company has filed such paperwork in less than two years.

I'm not going to speculate on how much of a short-term spike will take place on the heels of rising tensions -- even war -- in the Middle East, but the smart money will sell into that rally.

Earnings, adjusted for asset impairment costs, were 35 cents per share.