Bloomberg The oil market’s failure to break out of the tightest range in more than a decade is sapping investor interest. After hitting a record high last week, hedge funds reduced wagers that US oil prices would rise as concern grows that the market is again becoming vulnerable to a drop. Earlier bullish sentiment was based on optimism that …

  Bloomberg Asian countries should pursue a Pacific trade pact even after the US walked away, and its standards should be incorporated into other regional deals, according to a report authored by half a dozen former trade envoys. Donald Trump withdrew from the 12-nation Trans-Pacific Partnership in one of his first acts as US president, throwing an agreement that covered …

  Bloomberg India’s sugar production may be lower than previously forecast as mills in the main growing areas of Maharashtra and Karnataka closed earlier than usual after dry weather cut cane output. Production may total 20.3 million metric tons in year that began Oct. 1, compared with 21.3 million tons estimated in January and 23.4 million tons predicted in September, …