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Oil Patch M&A Wave Recedes While Majors Digest Deals

(Bloomberg) -- Some shale producers are seeking deals even as the biggest names in oil and gas, Exxon Mobil Corp. and Chevron Corp., remain on the sidelines digesting their mega mergers after a blistering run. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryBiden Invests $100 Million to Fuel Housing ConstructionA Warehouse Store Promises Housing for South LA, in BulkJohannesburg Mayor Quits Amid Infighting, Fi

Oil Options Activity Leaps With Market Awaiting Iran Retaliation

(Bloomberg) -- Oil traders are returning to options contracts to hedge against the risk of a price spike as markets brace for a possible Iranian attack on Israel.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBiden Invests $100 Million to Fuel Housing ConstructionBoston’s Broke and Broken Transit System Hurts Downtown RecoveryIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesBullish call options hav

US junk debt investors cautious of leveraged loans as economy slows

Leveraged loan deals are expected to pick back up after a stabilization in markets over the past week, although some investors say they are cautious about junk-rated loans if the economy weakens. Borrowers pulled back on leveraged loan deals last week, following disappointing jobs data on Aug. 1 and Aug. 2 that raised forecasts for aggressive interest rate cuts and spurred concerns about lower-rated debt. A total of six leveraged loans worth $3.3 billion sold last week, which falls well short of the $10 billion weekly average this year and is the worst week for issuance outside the holiday-shortened first week of July, according to PitchBook LCD data.