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Oil set for second consecutive weekly gain on expected tightening supply

NEW YORK (Reuters) -Oil prices were steady on Friday and headed for a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude futures was up 3 cents at $72.03 a barrel by 10:52 a.m. EDT [1452 GMT]. The U.S. Treasury on Thursday announced new Iran-related sanctions, which for the first time targeted an independent Chinese refiner among other entities and vessels involved in supplying Iranian crude oil to China.

Meituan Stock Return Targets Are Among Highest in China Tech

(Bloomberg) -- Meituan’s results due later Friday will help assess if its share price upside is as promising as sell-side analysts suggest. Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNYC Plans for Flood Protection Without Federal FundsThey estimate the stock will rise