Funding & Business
Oil Holds Steady With Focus on Russian Trade, Looming Oversupply
Oil was little changed after advancing last week, as traders weighed moves to crack down on Russian flows against forecasts for a surplus later in the year.
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The world needs to spend some $540 billion a year looking for oil and gas to maintain current output by 2050, according to the International Energy Agency.
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The next pain point for bond traders may come in the five-year part of the curve, according to Goldman Sachs Group Inc. strategists.
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A Chinese biotech firm has skyrocketed more than 4,500% in the three months since its Hong Kong debut, stoking worries of speculative buying.
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