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Oil rose a second day, but is still on track for its biggest weekly loss since June, after Saudi Arabia’s production capacity was cut due to attacks on energy infrastructure.
Source
Bloomberg Markets
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The West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session at $95.92 per barrel.
Hainan Airlines Holding Co. is looking to return to the bond market after going through a debt restructuring more than four years ago, according to people familiar with the matter.
An earnings beat by Contemporary Amperex Technology Co. Ltd. next week may set the stage for a short squeeze, after a surge in the battery maker’s shares on bets tied to soaring energy prices.
Fast Retailing Co. shares rose to a record after the Japanese apparel retailer raised its full-year operating profit outlook, thanks to strong margins and gains driven by strong Uniqlo demand in the US and Europe.
