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Oil mixed as rising U.S., Russia supplies weigh while strong demand provides support

Oil prices were mixed on Monday, caught between the downward pull of rising Russian production and U.S. oil drilling activity at its highest since 2015, and upward pressure from strong demand, especially in Asia. Brent crude futures , the international benchmark for oil prices, were at $76.50 per barrel at 0215 GMT, up 4 cents from their last close. …read more […]

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Business News

U.S.-Canada dispute escalates after tense G7; Trump renews criticism of Trudeau

QUEBEC CITY, Quebec (Reuters) – The United States and Canada swung sharply on Sunday toward a diplomatic and trade crisis as top White House advisers lashed out at Canadian Prime Minister Justin Trudeau a day after U.S. President Trump called him “very dishonest and weak.”

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What's at Stake in Trump-Kim Historic Summit in Singapore

Jun.10 — Choi Kang, vice president for research and a principal fellow at the Asan Institute for Policy Studies, and John Park, director of the Korea Working Group at Harvard University’s John F. Kennedy School of Government, talk about the upcoming meeting between President Donald Trump and North Korean leader Kim Jong Un. They speak with Yvonne Man and Ramy Inocencio on “Bloomberg Daybreak: Australia.” …read more […]

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Southwest Airlines shares could recover from recent descent: Barron's

Southwest Airlines Co shares could be poised to climb sharply after a series of setbacks hit the stock harder than that of other major airlines this year, Barron’s reports. Fewer people are now booking on the Dallas-based carrier, a slowdown Southwest said stemmed mainly from its own reduction in advertising after the tragedy, the first U.S. airline death since 2009, Barron’s said. Rising fuel prices and planned expansion by some rivals that could mean more competition have stoked fears about the sector, helping sending Southwest stock down 24 percent this year, the paper reported. …read more […]