(Bloomberg) -- Oil headed for a fourth weekly drop as demand concerns in the world’s two biggest economies overshadowed heightened geopolitical risk.Most...
-- Oil headed for a fourth weekly drop as demand concerns in the world’s two biggest economies overshadowed heightened geopolitical risk.Kamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatBrent crude traded near $80 a barrel after dropping by 1.6% on Thursday, while West Texas Intermediate was below $77. Factory gauges in the US and China both showed a contraction on Thursday, indicating signs of weakness in manufacturing.
Widely watched market metrics are also signaling less tight conditions. Despite still holding in a bullish, backwardated structure, the gap between Brent’s two nearest contracts has narrowed. The spread was last 60 cents a barrel in backwardation, compared with more than $1 two weeks ago.CANTON, Ohio — The first two kickoffs under the NFL’s radical new rule were both returned a yard farther than the old touchback.
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