Oil prices hit 7-year high

Read a transcript of this episode on FT.comhttps://www.ft.com/content/bc24e812-a089-43e1-bc7a-289916c97229US oil prices rose to the highest level in seven years on Monday after Opec and its allies declined to accelerate plans to increase crude production, and shares of big tech companies slid on Monday, with stocks such as Apple, Microsoft, Facebook and Amazon dragging the S&P 500 to its lowest close since late July. Plus, the former Facebook employee who leaked explosive internal documents will testify before US lawmakers today and is expected to urge members of Congress to regulate the social media platform much more tightly.Tech stock slide drags Wall Street lowerhttps://www.ft.com/content/1fba7824-ad14-46bd-a379-404e6b18abc0US oil hits 7-year high after Opec+ resists calls to accelerate productionhttps://www.ft.com/content/ccd6f6d6-6045-4f0c-8638-9b0e01fee1c5Five problems the Facebook whistleblower wants to fixhttps://www.ft.com/content/2dbf79af-6dc5-4c98-90f0-af396c13e3adWarren calls on SEC to probe trading by Federal Reserve officials - with Colby Smith https://www.ft.com/content/9111b7c5-53c5-4d6f-9b6d-ca3533057908The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.  Hosted on Acast. See acast.com/privacy for more information.