Bloomberg One of the key gauges of oil market strength hasn’t looked this good for bulls since 2014. West Texas Intermediate futures closest to expiry are trading at the biggest premium to the next month in more than three years, as inventories plunge at the key storage hub of Cushing, Oklahoma. Stockpiles at Cushing — the delivery point for WTI ...

Bloomberg Natural gas surged to 60 times the going rate as howling blizzard conditions stoked demand for the furnace fuel across the US Northeast. Spot prices for the fuel used to heat homes and generate power reached a record $175 per million British thermal units in New York, according to Consolidated Edison Inc. That’s a far cry from the $2.93 ...

Bloomberg The US has delayed paying about $125 million to the United Nations agency that serves Palestinian refugees, said two people familiar with the matter, after President Donald Trump vented his frustration about getting no “respect” or help in the peace process despite American funding. The US, by far the biggest contributor to the UN Relief and Works Agency (UNRWA) ...