-- Oil fell for a third day as a key market gauge highlighted oversupply concerns before an OPEC+ meeting on Sunday.West Texas Intermediate traded below $78 a barrel, after declining 1.7% on Thursday, while Brent was near $82, with both headed for their second monthly drop. The prompt timespread for Brent weakened into a bearish contango structure for the first time since January, indicating oversupply.
As the EV market cools, the oil industry scorches with $250 billion in high-stakes deals and mass consolidation: ‘The bigger the company is, the more money they make’ Immediately after a New York jury found Donald Trump guilty on all 34 felony counts of falsifying business records on Thursday—making him the first president to be a convicted criminal—Fox News described the verdict as “warfare” while descending into full freakout mode.The conservative cable giant’s hosts and pundits didn’t just stop there, though.