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A view shows oil terminal Kozmino near Nakhodka

Oil prices rebound after opening the year with steep losses

Oil prices rebounded on Thursday after opening the year down more than 9%, the worst yearly start in over three decades, as investors took advantage of the decline to buy futures on expectations long-term fuel demand will remain steady.
Scenes near Wall Street and the New York Stock Exchange (NYSE), in New York

Global hedge funds plan 2023 around inflation risk

Having weathered a dire 2022, many global hedge fund managers are preparing this year for persistent inflation and seeking exposure to commodities and bonds that perform well in such an environment.