Bloomberg Oil rebounded after closing at the lowest level in two months as equity markets increased and U.S. data showed crude stockpiles slid. Futures gained as much as 1.7 percent in New York, paring Wednesday’s 4.4 percent slump, as European stocks advanced. U.S. supplies fell an eighth week, the longest losing streak since June 2015, while gasoline inventories unexpectedly ...

  Bloomberg Asia’s going to have to wait a little longer for the flood of U.S. shale gas to reach its shores. A global glut of liquefied natural gas has cut price differences between regions worldwide, leading traders to ship cargoes for shorter distances to save on freight costs, Citibank analysts including Anthony Yuen said in a report dated July ...

  Gaziantep / AFP Brazilian steelmaker Usiminas has extended a 120-day credit standstill that was due to expire on Friday, state development bank BNDES said. Usiminas has been granted an additional 60 days to negotiate a deal, BNDES said in an e-mailed statement. Usinas Siderurgicas de Minas Gerais SA, as the Belo Horizonte-based company is formally known, has been in ...