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(Bloomberg) -- Oil rose the most in more than two weeks as the US imposed more sanctions targeting Iranian crude and OPEC+ made progress on a deal to keep output off the market.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsWest Texas Intermediate advanced 2.7% to settle near $70 a barrel, the biggest one-day jump since Nov. 18, as OPEC+ delegates said the group is firming up an agreement to dela

(Bloomberg) -- President-elect Donald Trump’s vision for American energy dominance promises “certainty” that will encourage more investments in oil and gas, Alaska Governor Mike Dunleavy said. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThat could entice more spending by companies on acreage in remote stretches of the state, including offshore waters now largely foreclosed to development and p

(Bloomberg) -- Federal Reserve Bank of San Francisco President Mary Daly said an interest-rate cut this month isn’t certain but remains on the table for policymakers.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic Jams“In order to keep the economy in a good place we have to continue to recalibrate policy,” Daly said Tuesday in an interview on Fox Business. “Whether it’ll be in December or some time la

(Bloomberg) -- Short-maturity Treasury yields were poised to end a volatile session lower after several Federal Reserve officials said they backed additional interest-rate cuts as soon as this month.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe two-year Treasury note’s yield declined as much as four basis points to 4.14%, last seen Nov. 4, reaching session lows in US afternoon trading after

Despite record travel, low-cost carriers are hemorrhaging money and are trying new strategies to stop the bleed.

(Bloomberg) -- The US debt ceiling is once again emerging as the Federal Reserve continues to unwind its balance sheet, putting the central bank in a tough spot — only this time it’s trickier. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe debt limit will be reinstated on Jan. 2, prompting the Treasury Department to deploy a series of extraordinary measures that include spending down its cash

(Bloomberg) -- Exxon Mobil Corp. named Dan Ammann as head of its upstream oil and gas business, putting its low carbon president in charge of its most profitable division. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAmmann will replace Liam Mallon, who on Feb. 1 retires after 34 years with Exxon, the Spring, Texas-based company said in a statement. Ammann joined Exxon in 2022, making him a rel