Day: June 20, 2017

June 20, 2017 (Bloomberg) Oil dropped to the lowest in seven months amid a revival in output from Libya and rising volumes of fuel held in floating storage. Futures lost as much as 2.9 percent in New York after falling 1.2 percent Monday. Libya is pumping the most crude in four years after a deal with … Read more

June 20, 2017 (Bloomberg)  Dovish Carney hits the pound, former Barclays executives charged, and it’s MSCI decision day for China shares. Here are some of the things people in markets are talking about today. Pound drop The pound was trading at $1.2693 at 5:13 a.m. Eastern Time, the lowest level since the Bank of England’s surprise split … Read more

June 20, 2017 (Bloomberg)  Deals in the shale patch aren’t so hot anymore with oil in the doldrums. Mergers and acquisitions among U.S. exploration and production companies fell to less than $15 billion in the second quarter from about $23 billion in the first, according to estimates from Bloomberg Intelligence. The number of deals plunged to … Read more