(Bloomberg) Oil edged higher — after rising about 2% on Tuesday — on signs US stockpiles are continuing to drop, and as an official forecast pointed to a narrow global deficit this year.Most Read from BloombergSEC X Account Compromised to Falsely Say Bitcoin ETFs ApprovedAmazon’s Twitch to Cut 500 Employees, About 35% of StaffUS and Allies Met Secretly With Ukraine on Peace PlanBlackRock Cuts 3% of Global Workforce, Citing Dramatic Industry ShiftsXi, Biden and the $10 Trillion Cost of War Ove
(Bloomberg) Oil held the bulk of a five-day run of losses that drove prices to the lowest since June on signs that global supplies are eclipsing demand despite plans by OPEC+ to rein in its production into 2024.Most Read from BloombergApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferGlobal Bonds Power Ahead as Dovish Bets Take Hold: Markets WrapKevin McCarthy Leaving House Months After Ouster as SpeakerBiden Says
(Bloomberg) Oil tumbled as discord within OPEC+ forced the group to delay its upcoming meeting, quelling speculation of further production cuts by the Saudi-led alliance just as US data showed a hefty rise in stockpiles.Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridaySam Altman, OpenAI Board Open Talks to Negotiate His Possi