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Although oil prices are down 10 percent in the past month Bloomberg finds that oil executives are optimistic and increasing capital expenditures this year. The optimism may indicate their faith in Trump to deregulate the industry and boost U.S oil and gas explorations and production.

Here's what some CEOs had to say about the coming year's outlook:

  • Halliburton: "In 2Q...customer animal spirits were back in North America. Last quarter...these animal spirits were alive but somewhat caged up. Now these animal spirits have broken free and they are running."
  • BP: "2017 is one of the largest years for commissioning new major projects in our history."
  • Ecopetrol: "Investing in exploration will be more than doubled...from $250 million last year to $650 million. [This] will get reflected in a total of 17 exploratory wells to be drilled vs. seven last year."
  • Schlumberger: "Recovery is on its way in all markets.''

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Biden's doctrine: Erase Trump, re-embrace the world

Photo illustration: Sarah Grillo/Axios. Photo: Bastiaan Slabbers/NurPhoto, and Bastiaan Slabbers/NurPhoto via Getty Images

Foreign policy will look drastically different if Joe Biden defeats President Trump in November, advisers tell Axios — starting with a Day One announcement that the U.S. is re-entering the Paris Climate Agreement and new global coordination of the coronavirus response.

The big picture: If Trump's presidency started the "America First" era of withdrawal from global alliances, Biden's team says his presidency would be the opposite: a re-engagement with the world and an effort to rebuild those alliances — fast.

Robert Mueller speaks out on Roger Stone commutation

Former Special Counsel Robert Mueller testifies before the House Permanent Select Committee on Intelligence on Capitol Hill on Wednesday July 24, 2019. Photo: The Washington Post / Contributor

Former special counsel Robert Mueller responded to claims from President Trump and his allies that Roger Stone was a "victim" in the Justice Department's investigation into Russian interference in the 2016 election, writing in a Washington Post op-ed published Saturday: "He remains a convicted felon, and rightly so."

Why it matters: The rare public comments by Mueller come on the heels of President Trump's move to commute the sentence of his longtime associate, who was sentenced in February to 40 months in prison for crimes stemming from the Russia investigation. The controversial decision brought an abrupt end to the possibility of Stone spending time behind bars.

Trump dons face mask during Walter Reed visit

Trump wearing a face mask in Walter Reed National Military Medical Center on July 11. Photo: Alex Edelman/AFP via Getty Images

President Trump wore a face mask during his Saturday visit to Walter Reed National Military Medical Center, according to AP.

Why it matters: This is the first known occasion the president has appeared publicly with a facial covering as recommended by health officials since the coronavirus pandemic began, AP writes.