Bloomberg U.K. inflation unexpectedly slowed in April, highlighting the struggle Bank of England policy makers face to revive price growth. The rate fell to 0.3 percent from 0.5 percent in March, driven lower by the cost of air fares and clothes, the Office for National Statistics said in London on Tuesday. Inflation hasn’t been lower since last year and ...

  Bloomberg Oil traded near a seven-month high on speculation that U.S. crude stockpiles declined last week while supply losses in Canada and Nigeria whittled away the global excess. West Texas Intermediate was little changed in New York, while Brent erased gains as it neared $50 a barrel for the first time since November. Inventories probably fell by 3.5 million ...

  Bloomberg Rockhopper Exploration Plc confirmed potential oil resources in a discovery in the Falklands basin, sending its shares higher. An independent audit showed that the best estimate of contingent resources — also known as 2C resources — at the Sea Lion complex came in at 517 million barrels, of which London-based Rockhopper’s share is 258 million barrels, it said ...