Bloomberg Here comes Canadian oil to douse the hottest rally since 2009. Money managers reduced bets on rising oil prices by the most in 11 months as Canadian output continued to ramp up after Alberta’s wildfires. The recovery in oil prices remains “fragile” as disrupted supplies return to the market and prolong a global surplus, according to Goldman Sachs ...

  Bloomberg Morgan Stanley says investors should bet on longer-term bonds ahead of the U.K. vote on whether to leave the European Union. “We suggest investors remain long duration across developed rate markets into the EU referendum,” Morgan Stanley analysts including Matthew Hornbach, the head of global interest-rate strategy in New York, wrote in a June 17 report. “Rates would ...

  Bloomberg Crude prices around $50 a barrel are enough for Venezuela’s state oil producer to avoid a default on its debt, company president and national oil minister Eulogio Del Pino said in an interview. “$50 is enough,” he said on Bloomberg Television. The company’s average production cost is around $12 a barrel, he said. Petroleos de Venezuela SA will ...