U.S. producer prices increased slightly more than expected in August amid higher costs for services, but the trend remained consistent with subsiding inflation.

Goya Foods CEO Bob Unanue joins 'Fox & Friends' to react to the August producer price index report, arguing the inflation crisis is man-made as a result of the 'war on fossil fuels' and America's perceived 'weakness' around the world.

The producer price index for final demand increased 0.2% month-over-month (s.a.), more than the expected 0.1% growth.

Hurricane Francine impacts Gulf oil output as markets await potential Fed interest rate reduction - Anadolu Ajansı

Oil prices ticked lower on Friday but remained on track for a second consecutive week of gains, drawing support from a large cut in U.S. interest rates and declining U.S. stockpiles, Brent futures were down 34 cents,

Oil futures rose Thursday, gaining ground alongside global equities and other assets perceived as risky, a day after the Federal Reserve delivered a large interest-rate cut and set the stage for further easing of monetary policy.