World trade chief says post-Brexit 'WTO option' may be unfeasible for UK
The idea that Britain could scrap all import tariffs to avoid long, messy trade negotiations after quitting the European Union is "almost theoretical" and probably not feasible, the head of the World Trade Organisation said in an interview.
Pound Tumbles, Volatility Jumps After Polls Show Brexit Momentum
The pound slumped to a three-week low after polls showed more Britons favor exiting the European Union, reviving concern a June 23 referendum will throw global markets into turmoil and undermine confidence in the 28-nation trading bloc.
Oil prices rise on Nigerian outages, Goldman forecast
Oil prices jumped over 2 percent on Monday to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.
OPEC to Head for June Talks Without Plan for Supply Limits
There are currently no proposals on the table for OPEC to revive limits on crude output at its June meeting after the failure of talks to freeze production last month, according to six delegates from the group.