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Oil resumes drop near $47

  Bloomberg Oil declined amid doubts producers will agree on a deal to stabilize the market when suppliers meet next month for informal talks. Futures decreased as much as 1.8 percent in New York after rising the previous two sessions. Iran’s plan to continue boosting crude output until it regains its pre-sanctions OPEC market share is dimming prospects of collective ...

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Oil pessimists exit as OPEC cap talk spurs bets glut easing

  Bloomberg Oil investors are turning the car around. For a second week, money managers slashed bets on falling prices by a record and boosted wagers on a rally. Futures have climbed 23 percent in less than three weeks as some OPEC members raised the possibility of an output freeze amid signs the global glut is easing. “This is a ...

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VMware mulls new cloud plan

  Bloomberg VMware Inc. is set to unveil new products in a bid to eke out greater relevancy for the company in internet-based cloud-computing. On Monday, the company will announce Cloud Foundation, which combines software for storage, networking and virtualization into one package, as well as the ability to use that product as a service hosted in IBM’s cloud. The ...

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