News

(Bloomberg) -- Traders have been snapping up bullish oil options to hedge against the risk that US sanctions will cause prices to spike.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Trump Slashed International Aid. Geneva Is Feeling the Impact.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysHow SUVs Are Making Traffic WorseAbout 231,000 Brent calls traded on Monday — the most sinc

(Bloomberg) -- Gunvor Group is renewing its leadership team after taking some hits in crude oil trading last year including a bullish North Sea play that went wrong, according to Chief Executive Officer Torbjörn Törnqvist. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Trump Slashed International Aid. Geneva Is Feeling the Impact.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysPari

The recent surge in inflation expectations reflected in surveys of American consumers also warrants close attention, Kugler said in remarks prepared for a U.S. Hispanic Chamber of Commerce event in Washington. Based on readings of the Consumer Price Index and Producer Price Index released earlier this month, Kugler said it is estimated that the Personal Consumption Expenditures price index the Fed uses to guide its 2% target climbed at a 2.5% pace year-over-year in February, the same as in January.

LAUSANNE (Reuters) -Executives from the world's top commodity trading houses expect a well-supplied oil market this year, with concerns remaining over global demand growth. Oil prices could continue to soften as global supply rises, including with the Organization of Petroleum Exporting Countries and allies (OPEC+)'s plan to unwind voluntary output cuts in coming months, the executives said speaking at the FT Commodities Global Summit in Lausanne. "There are some threats to supply, but by and large there is adequate supply for the next couple of years," said Vitol Chief Executive Russell Hardy.

The central bank identified weaknesses in Frankewing Bancshares’ operations, including its inability to provide financial and managerial support to the bank.

(Bloomberg) -- Tullow Oil Plc will pump as much as it can from mature assets in West Africa this year as part of plans to bring debt below $1 billion.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysTrump Slashed International Aid. Geneva Is Feeling the Impact.Paris Votes to Make 500 More Streets Car-FreeThe company has been chipping aw

U.S. consumers have been curbing their spending in response to high prices and a worsening economic outlook, according to consumer finance company Synchrony Financial. Americans have been accumulating more debt amid strain in their finances, with delinquencies edging up for auto loans, credit cards and home credit lines, the Federal Reserve said last month. Philadelphia Federal Reserve President Patrick Harker has also warned that trouble may be brewing for the U.S. economy, which is showing signs of stress in the consumer sector with consumer confidence also waning.