Bloomberg Oil posted the longest run of weekly gains since April as prices followed equities higher and a government report showed US crude inventories falling to the lowest in two months. Futures in New York were little changed, clinging to a three-month high. The Energy Information Administration reported that oil inventories fell 5.47 million barrels while supplies at the key …

Bloomberg Iraq, Opec’s second-biggest producer, halted output from a southern oil field as protesters walked close to installations. Other southern fields will make up the amount from the shutdown, which won’t affect the country’s output. The halt is temporary until the Nasiriya field, which produces 80,000 to 85,000 barrels a day, is clear of protesters. The closure was a precautionary …

Bloomberg The incoming head of the largest US power market is under pressure even before he begins his new job. A consumer watchdog has accused Manu Asthana — who starts as chief executive officer of PJM Interconnection LLC on January 1 — of mismanagement at his previous company. That risks casting a shadow over his new role, in which he …