Bloomberg Oil investors must be getting dizzy. In the two months since OPEC began talking about capping production, speculators’ sentiment has swung wildly, with government and exchange data showing the four biggest weekly position changes ever for the two global benchmark crudes. The latest shift is to optimism, with money managers the most bullish on West Texas Intermediate oil ...

Bloomberg Oil traded near $50 a barrel in New York as U.S. producers increased drilling and OPEC nations added supply, threatening to compound a global surplus. Futures were little changed after slipping 0.2 percent Friday. Output from OPEC member Libya expanded to 560,000 barrels a day, according to National Oil Corp., up from 540,000 last week, while Iran repeated plans ...

  Reuters Kuwait National Petroleum Co (KNPC) expects to finalise a loan of well over $5 billion to finance its Clean Fuels project by the end of the first quarter of next year, sources involved in the project said. The state-owned refiner had originally said it planned to complete the fundraising, one of the world’s largest-ever loans backed by export ...