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Storm forecasts drive oil price off seven-week low

Oil rose for the first time in four days as the US mid-Atlantic region braced for a new winter storm in coming days and dug out from a weekend blizzard. Oil rebounded from a seven-week low after the National Weather Service issued storm warnings from Utah to New Jersey and advisories for

Mystery deepens over missing Trio funds

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ADMINISTRATORS have so far been unable to satisfy themselves about the value of another $52 million invested in a Trio Capital-managed fund. The ARP Growth Fund has as its major investment $52 million invested through the British Virgin Islands in a fund of hedge funds. The investment
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Goldman Sachs’s Corrigan Opposes ‘Volcker Rule’ (Update1) - Bloomberg.com

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Corrigan, 68, opposes restrictions advocated by his former boss Paul Volcker and by U.S. President Barack Obama that would prohibit banks and financial holding companies from owning or sponsoring such funds, he said today at a Senate Banking Committee hearing in Washington. “The
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Crude oil falls on bigger-than-forecast US supply gain

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Crude oil fell after an Energy Department report showed a bigger-than-forecast increase in stockpiles as refineries idled units and imports climbed. Supplies rose 2.32 million barrels to 329 million last week, the report showed. A 400,000 barrel gain was forecast, according to the median
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