Why Returning Oil Rigs Matters

Nine oil rigs returned to operation in the U.S. last week, the biggest gain since December and only the second addition this year, according to Baker Hughes Inc., raising concern that a production rebound may stifle crude’s recovery. Oil traded near the highest close in more than 10 months before U.S. government data forecast to show crude stockpiles dropped for a third week, trimming a glut. Futures were little changed in New York after advancing 2.2 percent on Monday, the biggest gain in three weeks. Hermes European Equities Portfolio Manager Tim Crockford discusses with Bloomberg's Francine Lacqua on "The Pulse."

DIW's Fratzscher Says Surprise Is How Much CDU Lost
55:33 - Marcel Fratzscher, president and chief executive officer of DIW Berlin, weighs in on the German election exit poll results. He speaks on "Germany Decides." (Source: Bloomberg)
  • SPD Set to Win 20.8% in German Election: ZDF
  • Merkel's Party Defeats SPD to Win German Election: Poll
  • How German Elections May Impact Macron's Proposals