• Jan 07, 2025

UK Warns of Tight Power Market as Deep Freeze Takes Hold

(Bloomberg) -- The UK’s grid operator issued a power-market warning saying there is an insufficient buffer between predicted supply and demand on Wednesday as wind output falls at the same time as temperatures plunge.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Don’t Shrink the BusCan States Hit the Brakes on Runaway Roadbuilding?The three-hour not

  • Jan 07, 2025

CFTC Chief Who Sought Lead Role for Bitcoin Regulation Quits

(Bloomberg) -- US Commodity Futures Trading Commission Chairman Rostin Behnam plans to resign from the role on Jan. 20. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Don’t Shrink the BusCan States Hit the Brakes on Runaway Roadbuilding?Behnam will leave the commission on Feb. 7, according to a statement Tuesday from the derivative-market regulator.“

  • Jan 07, 2025

Oil Rises as Signs of Tight Market Counter Technical Indicators

(Bloomberg) -- Oil pushed higher as a cold front in the US and signs of a tighter market countered technical signals that crude’s rally may be overdone. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Don’t Shrink the BusCan States Hit the Brakes on Runaway Roadbuilding?West Texas Intermediate advanced almost 1% to settle above $74 a barrel, buoyed by