Bloomberg Oil reversed course as the dollar shed some of its strength and risk-on sentiment lifted equity markets. The global oil benchmark rose 1% to trade near $87 a barrel on Monday. Earlier, Brent slipped below $85 a barrel and West Texas Intermediate falls below $80 as the dollar hit an all-time high, which makes commodities priced in the …

  Bloomberg The European Union’s executive arm plans to discuss the feasibility of imposing a price cap on natural gas in a document to be presented to member states Wednesday, postponing the publication of a broader action plan on how to deal with soaring costs of the fuel. The European Commission is under pressure from the bloc’s 27 governments to …

  Bloomberg Aldi said that more British customers are visiting the discount grocery chain as their first and only supermarket as the higher cost of living weighs on shoppers in the UK. The grocer attracted 1.5 million extra customers over the past 12 weeks and sales of its gourmet Specially Selected range rose 29% as shoppers switched from more expensive …