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Oil at 7-mth high, supply losses tame surplus

  Bloomberg Oil traded near a seven-month high on speculation that U.S. crude stockpiles declined last week while supply losses in Canada and Nigeria whittled away the global excess. West Texas Intermediate was little changed in New York, while Brent erased gains as it neared $50 a barrel for the first time since November. Inventories probably fell by 3.5 million ...

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Rockhopper confirms potential of Falklands basin oil discovery

  Bloomberg Rockhopper Exploration Plc confirmed potential oil resources in a discovery in the Falklands basin, sending its shares higher. An independent audit showed that the best estimate of contingent resources — also known as 2C resources — at the Sea Lion complex came in at 517 million barrels, of which London-based Rockhopper’s share is 258 million barrels, it said ...

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Disabled earn pittance as Clinton’s raise plan debated

  Bloomberg Hillary Clinton’s call to raise the minimum wage for disabled Americans who earn pennies per hour has families and caregivers fiercely debating whether the real benefit of the jobs comes from pay or an intangible sense of self-worth. The lower pay, permitted by a policy in place since 1938, has been scrapped for federally contracted employees, and Clinton ...

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