Bloomberg It seems hedge funds are jumping on the $100 crude bandwagon. As speculation increases that global oil prices could again trade that high, money managers are piling on bullish wagers, while short-selling shrinks. They are the most optimistic on a rally of Brent crude in over four months. This week, the benchmark closed above $80 for the first time ...

Bloomberg Mexico may finally buy US crude oil for the first time ever. After three years of announcements, negotiations, and potential deals, Petroleos Mexicanos is seeking to buy a trial cargo of 350,000 barrels for its refineries in October. The much-anticipated deal has been in the making since 2015, when US exports were still banned and Mexico applied for a ...

Bloomberg Pyongyang won’t dismantle its nuclear weapons until it has “sufficient trust” with the US, North Korea’s top diplomat told the United Nations General Assembly, pressuring the Trump administration to drop its “coercive methods” such as sanctions. The remarks by North Korea Foreign Minister Ri Yong Ho underscored lingering friction between the nations amid signs their diplomats have resumed talks ...