Tag: Yahoo Finance

Oil Advances to One-Week High as Unrest Hits Iraq and Libya

(Bloomberg) -- Oil rose to a more than one-week high in London as supply disruptions in Iraq and Libya reignited concerns over the market’s vulnerability to geopolitical risk in key production regions.Brent futures increased to more than $65 a barrel after Libya’s oil production almost ground to a halt as armed forces closed a critical pipeline, shuttering output from the nation’s biggest oil project. In fellow OPEC nation Iraq, escalating protests stopped work at a minor field on Sunday.The latest incidents mark the second time this month that the market has been jolted by supply fears in OPEC nations, coming within weeks of a tense exchange between the U.S. and Iran that imperiled the region’s energy exports.While the dramas have roiled markets, with Brent swinging between a trading range of $8 a barrel, prices are now little changed with the end of last year. Supplies are continuing uninterrupted, and traders remain...

Pot Industry Heads to Davos as Stocks Rebound: Cannabis Weekly

(Bloomberg) -- Tough times in the cannabis industry aren’t stopping its leaders from going to Davos.For the second year in a row, there will be a Cannabis House in Davos, Switzerland this week alongside the schmoozing and speeches of the World Economic Forum. The 2020 offering promises to be “a little more formal and more professional” than last year’s, according to Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group, one of the sponsors of the Cannabis House.Cannabis House will feature a two-day conference focused on the themes of Davos 2020, including sustainability, climate change, social equity and impact investing.The rout in pot stocks hasn’t dampened interest in the event, which will also include “a professional capital markets discussion,” Paltrowitz said.The agenda has an international flavor, with speakers from Israel, Switzerland and Asia.The goal is to get delegates from the World Economic Forum to pop in and learn...