Bloomberg Oil climbed to a six-month high as Goldman Sachs Group Inc. said the market moved into a deficit earlier than expected due to disruptions in Nigeria and higher demand. Futures rose as much as 2.1 percent in New York. The shift to a supply deficit this month happened one quarter earlier than forecast, Goldman Sachs said in a ...

  Bloomberg Konecranes Oyj shares soared after the crane maker agreed to buy a lifting-gear business from Terex Corp. for about $1.3 billion, abandoning a full merger plan and paving the way for China’s Zoomlion Heavy Industry Science & Technology Co. to buy the rest of the U.S. company. Konecranes will pay $820 million in cash and 19.6 million shares ...

  Bloomberg Brazil’s state-controlled oil company Petrobras is advancing asset sales to reduce the biggest debt load in the oil industry after three quarters of straight losses. Brazil’s deepest recession in a century is curbing lucrative fuel imports and eroding profit at Rio de Janeiro-based Petroleo Brasileiro SA. The company’s net loss was 1.25 billion reais ($360 million), or 10 ...