Oil Shouldn’t Rise Above 53 Dollars: Rothschild’s Scaroni

Global oil markets will “move close to balance” in the second half of the year as lower prices take their toll on production outside OPEC, the International Energy Agency said. The world surplus will diminish to 200,000 barrels a day in the last six months of the year from 1.5 million in the first half, the agency said in a report on Thursday. Production outside the Organization of Petroleum Exporting Countrieswill decline by the most since 1992 as the U.S. shale oil boom falters. NM Rothschild & Sons Chief Executive Officer Paolo Scaroni discusses the outlook for oil with Bloomberg’s Ryan Chilcote and Francine Lacqua on “The Pulse.”

How Markets May Reflect Bannon's White House Exit
54:44 - Stephen Bannon will leave his role as chief strategist to President Donald Trump, with today being his last day in the White House. Bloomberg Intelligence's Gina Martin Adams looks at what Bannon's exit means for markets on "Bloomberg Markets: The Trump Economy." (Source: Bloomberg)
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