Bloomberg Qatar’s sovereign wealth fund plans to expand in the UK and the US, as top officials said long-term commercial opportunities would outweigh political uncertainty roiling the two countries. The gas-rich Gulf emirate will add 5 billion pounds ($6.3 billion) to its UK portfolio in the next three to five years, and will set up an office soon in ...

  Reuters Light crude surged in Canada and the northern US after an oil-sands upgrader shut for maintenance because of a fire and Energy Transfer Partners LP said it was preparing to place the Dakota Access pipeline into service. Synthetic crude’s premium to West Texas Intermediate futures jumped $1.45 to $4.70 a barrel Monday, the strongest in more than a ...

  Bloomberg Oil advanced as OPEC member Libya halted the pipeline from its biggest field, tempering concerns that a surplus in the US continues to expand. West Texas Intermediate futures rose as much as 1.1 percent. Libya’s output has dropped to 560,000 barrels a day following the shutdown of the pipe from the Sharara field, according to a person with ...