Vivendi Rejects Softbank's Bid for Universal Music

July 19 (Bloomberg) -- Bloomberg's Andy Fixmer explains why this Vivendi's rejection of Softbank's $8.5B bid underscores the changing nature of the music industry. He speaks to Cory Johnson on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

Are Low Oil Prices Here to Stay?
36:36 - Vitol Group Chief Executive Officer Ian Taylor says crude oil will likely hover between $40 and $60 a barrel for 10 years. The lower boundary would imply little recovery for Brent crude, the global benchmark, whereas the upper limit would put prices back to the level of July 2015, when the oil industry was already taking measures to weather the crisis. The forecast would mean oil-rich countries and the energy industry would face the longest stretch of low prices since the 1986-1999 period, when crude mostly traded between $10 and $20 a barrel.
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