(Bloomberg) -- Oil fell to the lowest in seven weeks on doubts about the strength of global demand, while investors looked ahead to OPEC+’s meeting for guidance on supplies. Most Read from BloombergVenezuela’s Opposition Disputes Claim of Maduro Election VictoryHarris’ Running-Mate Search Zeroes In on Three Top ContendersTraders Fret as 32-Hour Central Bank Spree Hangs Over MarketFrench Internet Lines Cut in Latest Attack During OlympicsMaduro Regime Accuses Rival of Sabotage, Triggering Protest
(Bloomberg) -- The Biden administration wants more money to purchase oil as it seeks to expand its efforts to refill the depleted US emergency cache.Most Read from BloombergVenezuela’s Opposition Disputes Claim of Maduro Election VictoryHarris’ Running-Mate Search Zeroes In on Three Top ContendersTraders Fret as 32-Hour Central Bank Spree Hangs Over MarketFrench Internet Lines Cut in Latest Attack During OlympicsMaduro Regime Accuses Rival of Sabotage, Triggering ProtestsThe Energy Department ha
(Bloomberg) -- Brent crude slumped below $80 a barrel for the first time since June 10, driven by algorithmic trading and signs of poor demand from China, the world’s top oil importer. Most Read from BloombergVenezuela’s Opposition Disputes Claim of Maduro Election VictoryHarris’ Running-Mate Search Zeroes In on Three Top ContendersTraders Fret as 32-Hour Central Bank Spree Hangs Over MarketFrench Internet Lines Cut in Latest Attack During OlympicsMaduro Regime Accuses Rival of Sabotage, Trigger
