Bloomberg Goldman Sachs Group Inc cut its oil price forecasts for 2019, citing a re-emerging surplus and resilient US shale production. Global benchmark Brent crude will average $62.50 a barrel this year, analysts including Damien Courvalin said in a January 6 note, down from a previous estimate of $70. US marker West Texas Intermediate will average $55.50 a barrel, down …

Bloomberg US stocks rose slightly as investors weighed their risk tolerance amid the resumption of trade talks with China. The dollar fell to its lowest level since October as traders assessed seemingly dovish remarks from Federal Reserve chairman Jerome Powell on Friday. The S&P 500 Index gained led by consumer discretionary stocks and energy as oil surged higher. The Nasdaq …

Bloomberg Japan’s financial watchdog has abandoned plans to allow listed derivatives based on cryptocurrencies but may yet approve exchange-traded funds (ETFs) that track the asset class, according to a person familiar with the matter. The decision to bar instruments like Bitcoin futures or Ethereum options in one of the largest markets for cryptocurrencies marks another setback for investors betting on …