Alex Longley

(Bloomberg) – Oil rose as algorithmic traders fled short positions amid renewed optimism about trade talks between the U.S. and China this weekend.

Oil traders are continuing to ramp up long-shot options bets that Brent crude can rally toward $95 a barrel over the coming months.

Optimism from the US-China trade truce was overshadowed by bearish government data.

The prospect of a deal over Iran’s nuclear program saw oil fall sharply on Thursday. The reality is that Tehran has relatively little extra crude that it can bring back — but it could arrive in a market that’s gearing up for surplus.

(Bloomberg) -- Oil fell for a second day after President Donald Trump said the US and Iran are getting closer to a deal regarding Tehran’s nuclear program. Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’How a Highway Became San Francisco’s Newest ParkPower-Hungry Data Centers Are Warming Homes in the NordicsMaryland’s Credit Rating Gets Downgraded as Governor Blames Trump NYC Commuters Brace for Chaos as NJ Transit Rail Strike LoomsBrent was trading aroun

The scrap copper industry in the US is hustling to move piled up supplies over to China now that the two superpowers have put their trade dispute on a temporary pause. South Korea’s homegrown atomic technology has the world’s attention. And, US Health Secretary Robert F. Kennedy Jr.’s desire for diet changes has the potential to impact the global food supply chain.

With demand for energy surging, the global nuclear industry is seeing a dramatic revival. By Jack Wittels, Alex Longley, Yvonne Yue Li and Nathan Risser, Bloomberg

(Bloomberg) -- Oil rose after Iran’s foreign minister downplayed prospects for a breakthrough in nuclear talks with the US, saying no formal proposal had been received. Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’How a Highway Became San Francisco’s Newest ParkMaryland’s Credit Rating Gets Downgraded as Governor Blames Trump NJ Transit Train Engineers Strike, Disrupting Travel to NYCPower-Hungry Data Centers Are Warming Homes in the NordicsBrent advanc

(Bloomberg) -- Oil prices fell as US President Donald Trump said that Ukraine and Russia would begin talks “immediately” on ending their war after a phone call with Russian President Vladimir Putin on Monday.Most Read from BloombergAmerica, ‘Nation of Porches’Maryland’s Credit Rating Gets Downgraded as Governor Blames Trump NJ Transit Train Engineers Strike, Disrupting Travel to NYCNYC Commuters Brace for Chaos as NJ Transit Strike LoomsNJ Transit Makes Deal With Engineers, Ending Three-Day Stri

(Bloomberg) -- Oil prices fell as US President Donald Trump said that Ukraine and Russia would begin talks “immediately” on ending their war after a phone call with Russian President Vladimir Putin on Monday.