Bloomberg Norway’s sovereign wealth fund, the world’s biggest, returned 4%, or 382 billion kroner ($45.7 billion), in the first quarter after gains in its stock portfolio made up for bond losses. “The rise of the equity market was to a great extent driven by the finance and energy sector,” Deputy Chief Executive Officer Trond Grande said in a statement on …

Bloomberg Oil jumped above $64 a barrel, a year to the day after futures for the US benchmark collapsed below zero, with the world’s most important commodity extending a powerful rally on bets for better demand. West Texas Intermediate advanced 1.3%, adding to Monday’s modest climb as the dollar weakened, while production in Libya fell below 1 million barrels a …

Bloomberg Poland’s plan to carve out coal-fired power plants sparked a rally in the country’s biggest utilities. Now for the hard part — approving it. Deputy Prime Minister Jacek Sasin’s proposal, which would free up state-owned companies to invest in clean energy, has to win over trade unions, the European Union’s executive and gain approval from Poland’s bickering coalition government. …