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Oil tops $61 on expected decline in US inventories

Bloomberg Oil settled above $61 a barrel amid light volume as US President Donald Trump said a preliminary trade deal with China is “done” and ahead of government data expected to show another crude stockpile decline. Futures rose 1% in New York to close at a three-day high. Trump suggested that the US and China will sign a trade agreement ...

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China’s imports of US soy hit two-year high

Bloomberg China’s imports of US soybeans rose to the highest in 20 months in November after more American cargoes cleared customs ahead of the signing of a partial trade deal in January. China’s inbound shipments from the US surged to 2.6 million tons, the highest since March 2018, and up from about 1.1 million tons in October. China imported almost ...

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The lost decade: Energy stocks seek relevancy as investors flee

Bloomberg It’s been a tough run for energy stocks. Oil at $100 a barrel is long gone. Investors have exited their losing positions. And energy stocks in the S&P 500 now hold a weight of barely 4%, down from over 10% at the start of the decade. As 2019 comes to a close, investor apathy in the sector is at ...

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