Bloomberg Saudi Aramco has picked Lazard Ltd. and Moelis & Co. to advise on the oil giant’s second attempt at the world’s largest initial public offering, people with knowledge of the matter said. The boutique investment banks have started preparatory work on the offering, according to the people, who asked not to be identified because the information is private. They …

Bloomberg Oil fell for the first time in three days as US Secretary of State Mike Pompeo fanned the flames of the trade war with China, heightening concerns about economic growth that underpins energy demand. Futures fell as much as 1.7 percent in New York on Tuesday. Pompeo told CNBC that Huawei Technologies Co. and other Chinese companies pose national …

Bloomberg Oil steadied near $56 a barrel as hints of a trade detente between the US and China, along with the prospect of monetary stimulus, buoyed financial markets. Futures were little changed in New York after settling 2.4% higher on Monday. US Commerce Secretary Wilbur Ross said America will delay restrictions on some of China’s Huawei Technologies Co. Ltd.’s business …