Futures in New York added as much as 1.6 percent after rising 1.3 percent Monday. Saudi Arabia will cap shipments at 6.6 million barrels a day in August, 1 million lower than a year earlier, said Energy and Industry Minister Khalid Al-Falih. In the U.S., Halliburton Co. and Anadarko Petroleum Corp. signaled that the investment in shale fields may finally be succumbing to the oil price slump. “Yesterday’s Saudi decision to cut exports still lingers in the market,” said Bjarne Schieldrop, chief analyst for commodities at SEB Markets. The headlines that the U.S. shale oil boom is easing are also driving futures higher, he said. Click Read More below for more of the story.

As the U.S. Postal Service proudly marks its 250th Anniversary, an often-overlooked yet iconic element of the organization’s rich history takes center stage: the evolution of the letter carrier’s hat. From the earliest days of mail delivery to the modern era, these hats have been more than just headwear — they represent protection, authority, and the unwavering dedication of postal workers across two and a half centuries. Since its establishment on July 26, 1775, the American Postal System has adapted to the changing needs of a growing nation, and the uniforms of its carriers reflect this dynamic journey. Early postal carriers, often operating on foot or horseback, wore hats that were more reflective of civilian attire of the late 1700s. Practicality was paramount, with headwear designed primarily for protection against the elements as carriers traversed diverse landscapes to deliver vital correspondence. As the organization grew and formalized through the 1800s, so too did the demand for a more standardized and identifiable uniform. Hats began to serve not only as protection but also as a clear symbol of official authority. Influences from military uniforms of the era could be seen in some designs, establishing a sense of professionalism and immediate recognition for the carrier. The evolution of materials and manufacturing also allowed for more durable and uniformly produced hats, solidifying the carrier’s distinct image. For a broader look at the history and the evolution of postal uniforms over 250 years, visit our historical photo gallery.