Reid Pushes `Nuclear' Option on Nomination Delays

July 16 (Bloomberg) -- Bloomberg chief Washington correspondent Peter Cook reports that Senate majority leader Harry Reid is considering the "nuclear option" to get President Barack Obama's nominations related to the business community confirmed. He speaks on Bloomberg Television's "In The Loop."
Statoil and BP Release Reports amid Oil Declines
41:28 - Oil extended declines in a bear market amid signs producers from the Middle East to the U.S. will continue adding supplies to a global glut. Oil exports from southern Iraq rose to a record this month, while a Bloomberg survey forecasts U.S. crude stockpiles expanded for a second week through July 24. Brent in London closed Monday more than 20 percent lower than its peak reached in May, meeting the common definition of a bear market.
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