Oil Rises After Industry Report Shows Another US Stockpile Draw

-- Oil rose for the first time in four sessions after an industry report pointed to a fifth week of drawdowns in US stockpiles.Rich Hong Kong Families Sell Mansions at Discounts to Repay Debt

The central bank is widely expected to keep rates on hold when it meets later Wednesday, and traders will look to Chair Jerome Powell’s remarks after for confirmation of bets that they will be cut in September. They will also be watching developments in the Middle East, where Israel said it killed a senior Hezbollah commander with an airstrike on Beirut in response to an attack in the Golan Heights that left 12 young people dead over the weekend.

NEW YORK — New York City Mayor Eric Adams is standing by a top adviser and longtime friend who faces allegations that he sexually harassed female colleagues and retaliated against those who raised alarm over the alleged misconduct.SUPPLY, N.C. — A day after confirming he wouldn’t be a candidate for Vice President Kamala Harris’ running mate, North Carolina Gov. Roy Cooper said Tuesday at a public event that he’s excited that Democrats “have a lot of great options for her to choose from.

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