Bloomberg Oil headed for a fourth straight weekly gain as optimism about the outlook for demand eclipsed concerns about tighter monetary policy and an economic slowdown that have combined to roil wider financial markets. West Texas Intermediate futures traded near $112 a barrel, and are heading for the best run of weekly increases since mid-February. Prices has been pushed …

Bloomberg French electricity prices climbed after the region’s biggest producer cut its nuclear output target for a third time this year, the latest sign that the region’s power crisis is worsening. Less output from Electricite de France SA’s fleet, the backbone of Europe’s integrated power system, is sending prices higher just as soaring inflation is pushing up costs for everything …

  Bloomberg China kept buying more energy from Russia, with purchases of oil, gas and coal jumping 75% in April to over $6 billion, even as domestic demand slowed due to a resurgent virus and the US and Europe moved away from purchases. Imports of Russian liquefied natural gas surged 80% from a year earlier to 463,000 tons, according to …