Oil prices rallied more than $3 a barrel on Wednesday, recovering all the losses triggered by last week’s decision by rich consuming nations to release strategic oil stocks.
The UK has failed to cut greenhouse gas emissions across a range of areas and would risk missing its first set of carbon targets if it were not for the recession, the government
Many traders and hedge funds are nursing losses after a whiplash reversal in one of the biggest commodity trading trends of the year – a bet on a widening spread between different types of crude oil.