Business Bible News Market Minute: June 8 @ 9:30AM ET

This is a Business Bible News Market Minute for Monday June 8 at 9:30 AM Eastern Time. According to Bloomberg, Iranian crude has been offered to China at a discount as demand softens, enticing interest from independent oil refiners who have reduced operating rates to stem losses from weaker margins. Global markets are down today. In overseas trading, the Nikkei is down 2,762 points. The Nasdaq is down 1,121 points to 25,709. Oil is trading at $91 per barrel while gold is at $4,349 per ounce. Today's Daily Principle is ECONOMICS, specifically dealing with Gold Standard. This principle is found in Leviticus 27–25. The verse reads: 'All prices shall be set according to the official standard.' Learn more at businessbible.com where Daily News meets Daily Principle.